Cashless Nigeria: Supreme court to deliver verdict on naira redesign policy after presidential election

The Supreme Court says it will deliver judgment in the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN), on March 3.

The seven-member panel of the apex court communicated the decision, yesterday.

The governors of the All Progressives Congress (APC) had argued that the policy was aimed at making the ruling party unpopular ahead of the elections.

In light of the adjournment of the Supreme Court, the judgment can only be delivered after the presidential election billed for Saturday, February 25.

Recall that the suit was initiated by Kaduna, Kogi, and Zamfara States before the apex court.

The States are seeking to restrain the Federal Government from giving effect to the deadline on the use of old N200, N500, and N1,000 notes.

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