Former Minister of Aviation, Femi Fani-Kayode, has hailed the recent Supreme Court judgment restraining the Nigerian government and Central Bank of Nigeria (CBN) from implementing the February 10 deadline set for Naira swap in the country.
In a ruling delivered by a seven-man panel of the Supreme Court led by Justice John Okoro, the court on Wednesday granted an ex parte application that the old Naira notes will remain a legal tender until a final decision has been made on the suit brought to the court by three northern states— Kaduna, Kogi and Zamfara.
The court ordered temporary stoppage of the CBN deadline and adjourned the case to February 15, 2023.
