The PUNCH: The Supreme Court on Wednesday restrained the Federal Government from implementing the Friday deadline for the currency swap. A seven-man panel of the apex court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the Federal Government, the Central Bank of Nigeria and commercial banks from implementing the Friday terminal date for the old naira notes.
The Guardian: Uncertainties trailing the Central Bank of Nigeria (CBN)’s naira redesign policy continued, yesterday, when the Supreme Court overruled an earlier injunction granted by a high court in the Federal Capital Territory (FCT) restraining the Federal Government and the CBN from undermining the February 10 deadline for the ongoing currency swap. While the Supreme Court ruling appeared to have doused the tension scarcity of cash had induced in the polity, the Federal Government, last night, approached the Supreme Court, asking it to dismiss a suit challenging the February 10 deadline set by CBN to end the legal tender status of the old currency notes of N200, N500 and N1,000.
The Nation: Despite came the way of Nigerians yesterday after the Supreme Court granted an interim injunction restraining the Central Bank of Nigeria (CBN) from enforcing tomorrow’s deadline for the usage of redesigned naira notes. The World Bank and the International Monetary Fund (IMF) also faulted the deadline.
Daily Trust: The Federal Government has asked the Supreme Court to dismiss a suit challenging the February 10 deadline for the circulation of old naira notes. The Central Bank of Nigeria (CBN), which redesigned the naira, had fixed January 31 as the deadline of the old notes to be legal tender.
