The Central Bank of Nigeria has been prohibited by the Federal Capital Territory High Court from continuing to use the previous naira note, as stated earlier.
On Monday, the High Court named the CBN, President Buhari, and several banks as defendants in a lawsuit with the filing number FCT/HC/CV/2234/2023.
The CBN was instructed not to extend the deadline while the lawsuit was being decided by the high court judge Eleojo Enenche.
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“An order of interim injunction is hereby made prohibiting the defendants, whether by themselves, staff agents, officers, interfacing banks or whomever, from suspending, stopping, extending, varying or interfering with the existing termination date of use of the old N200, N500, and N1000 bank note, which is the 10th day of February 2023,” the court held. This order is in effect pending the hearing and decision of the motion on notice.
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