Nigeria: Supreme Court Adjourns Ruling On Naira Redesign Till After Presidential Election

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Nigeria: Supreme Court Adjourns Ruling On Naira Redesign Till After Presidential Election
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Supreme Court Adjourns Ruling On Naira Redesign Till After Presidential Election PremiumTimesng: Nigeria

on Wednesday fixed 3 March for judgement on the suits filed by some state governments challenging the federal government's naira redesign policy.

The controversial monetary policy, which has led to cash crunch across the country, bringing hardship to millions of Nigerians, has been a major issue in the lead-up to Saturday's election. On 8 February, two days before the deadline, a seven-member panel of the court granted an interim order suspending the deadline set for the ending of the validity of the old banknotes.

The suit was originally filed by Kaduna, Kogi and Zamfara states on 3 February to challenge the 10 February deadline set to end the validity of the old N200, N500, and N1,000 banknotes.

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