Supreme Court sets March 3 date for judgement on Naira redesign policy

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The Supreme Court has set a new date of March 3, to deliver judgement in the suit challenging the Naira redesign policy of the Central Bank of Nigeria (CBN).

The seven-member panel of the apex court reached the decision on Wednesday afternoon.

Earlier in the day, the apex court had consolidated various suits instituted by state governments – numbering 10 – with the most recent joiner being Abia State.

The motion for the consolidation was argued by counsel for Rivers State, Emmanuel Ukala.

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

Presiding over the seven-man panel of justices, Justice John Okoro granted the request and ordered consolidation of the 10 suits into one.

Faced with many requests, the court maintained that come what may, the new Naira suit must be heard. However, the situation changed after the court reached the decision. It is not yet clear how the latest development will affect the Naira notes redesign.

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