<p><!-- BEGIN THEIA POST SLIDER --></p>
<!-- WP QUADS Content Ad Plugin v. 2.0.98.1 -->
<div class="quads-location quads-ad4" id="quads-ad4" style="float:none;margin:0px;">

</div>

<p dir="ltr">
<p dir="ltr">The Supreme Court of Nigeria has temporarily halted the decision of the federal government to ban the use of old Naira notes.</p><div class="zxqcAAe9" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

<!-- TV -->

<ins class="adsbygoogle"

 style="display:block"

 data-ad-client="ca-pub-4403533287178375"

 data-ad-slot="4399361195"

 data-ad-format="auto"

 data-full-width-responsive="true"></ins>

<script>

 (adsbygoogle = window.adsbygoogle || []).push({});

</script></div>
<p dir="ltr">The 7-man panel of the Apex court led by Justice John Okoro made the pronouncement while ruling on an ex parte injunction filed by three northern States of Kaduna, Kogi and Zamfara states.</p><div class="O3TRSq1b" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

<!-- TV -->

<ins class="adsbygoogle"

 style="display:block"

 data-ad-client="ca-pub-4403533287178375"

 data-ad-slot="4399361195"

 data-ad-format="auto"

 data-full-width-responsive="true"></ins>

<script>

 (adsbygoogle = window.adsbygoogle || []).push({});

</script></div>
<p dir="ltr">The three states had specifically applied for an order of Interim Injunction restraining “the federal government through the Central Bank of Nigeria (CBN) or the commercial banks from suspending or determining or ending on February 10, 2023, the time frame with which the now older version of the 200, 500 and 1,000 denomination of the naira may no longer be legal tender pending the hearing and determination of their motion on notice for interlocutory injunction”.</p>
<p dir="ltr">Moving the application on Wednesday, counsel to the applicants, Mr A. I. Mustapha, SAN, had urged the apex court to grant the application in the interest of justice and the well-being of Nigeria.</p>
<p dir="ltr">He stated that the policy of the government had led to an “excruciating situation that is almost leading to anarchy in the land “.</p>
<!-- WP QUADS Content Ad Plugin v. 2.0.98.1 -->
<div class="quads-location quads-ad1" id="quads-ad1" style="float:none;margin:0px;">

</div>

<!-- WP QUADS Content Ad Plugin v. 2.0.98.1 -->
<div class="quads-location quads-ad4" id="quads-ad4" style="float:none;margin:0px;">

</div>
<div class="0B1ZmYYm" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

<ins class="adsbygoogle"

 style="display:block; text-align:center;"

 data-ad-layout="in-article"

 data-ad-format="fluid"

 data-ad-client="ca-pub-4403533287178375"

 data-ad-slot="6550225277"></ins>

<script>

 (adsbygoogle = window.adsbygoogle || []).push({});

</script></div>
<p dir="ltr">While he referred to a Central Bank of Nigeria’s (CBN) statistics which put the number of people who don’t have bank accounts at over 60 percent, Mustapha lamented that the few Nigerians with bank accounts can’t even access their monies from the bank as a result of the policy.</p>
<p dir="ltr">The senior lawyer further argued that unless the Supreme Court intervenes the situation will lead to anarchy because most banks are already closing operations.</p>
<div align="left">
<p dir="ltr">Delivering ruling in the motion, Justice Okoro, held that after a careful consideration of the motion exparte this application is granted as prayed, “An order of Interim Injunction restraining the federal government through the Central Bank of Nigeria (CBN) or the commercial banks from suspending or determining or ending on February 10, 2023, the time frame with which the now older version of the 200, 500 and 1,000 denomination of the naira may no longer be legal tender pending the hearing and determination of their motion on notice for interlocutory injunction”.</p>
</div>
<div align="left">
<p dir="ltr">He accordingly adjourned to February 15, 2023 for hearing of the main suit.</p>
</div>
<p><!-- END THEIA POST SLIDER -->
<!-- WP QUADS Content Ad Plugin v. 2.0.98.1 -->
<div class="quads-location quads-ad3" id="quads-ad3" style="float:none;margin:0px;">

</div>
</p>
<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

<ins class="adsbygoogle"

 style="display:block"

 data-ad-format="autorelaxed"

 data-ad-client="ca-pub-4403533287178375"

 data-ad-slot="1004305389"></ins>

<script>

 (adsbygoogle = window.adsbygoogle || []).push({});

</script>
<!-- WP QUADS Content Ad Plugin v. 2.0.98.1 -->
<div class="quads-location quads-ad5" id="quads-ad5" style="float:none;margin:0px;">

</div>


