The National Democratic Front (NDF) has urged Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), to follow the recent order from the Supreme Court or face jail time. According to XANDERTECH, a seven-member panel led by Justice John Okoro issued an interim injunction on Wednesday to prevent the Federal government, the Central … Read more
The suit brought against the Federal Government regarding the contentious Naira re-design policy was heard by the Supreme Court on Wednesday, and a hearing date of March 3 was set for the decision. Equity John Inyang Okoro fixed the date subsequent to taking contentions for and against the suit by certain Conditions of the Organization. … Read more
A restraining order obtained by the Supreme Court of Nigeria prevents the Central Bank of Nigeria (CBN) from carrying out its plan to cease accepting the previous N200, N500, and N1000 notes as legal cash. This suggests that Nigeria still accepts old naira notes. On February 3, three Northern States—Kaduna, Kogi, and Zamfara—submitted a motion … Read more