Supreme Court Adjourns Case on Naira Redesign Till March 3

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The Supreme Court has fixed judgment for March 3 in suits filed by some States against the Naira swap policy of the Federal Governments.

A nine-member panel led by Justice John Okoro announced the date after taking final arguments from lawyers to parties in the cases.

Earlier on Wednesday, the apex court had consolidated various suits instituted by 16 State governments against the Federal government challenging the mode of implementation of the newly introduced cashless policy regime.

In a brief ruling, Justice Inyang Okoro, who led a seven-man panel of Justices of the court granted the request and ordered consolidation of the 16 suits into one.

A motion for the consolidation was argued by Emmanuel Ukala, a Senior Advocate of Nigeria (SAN) representing Rivers State.

Ukala, while moving the motion on notice premised the consolidation request on the need for the suit to be heard without any hindrance since the matter bothers on same issue.

The 16 states are slugging it out with the Federal government in the battle against the implementation of the cashless policy of the CBN.

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