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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    iPhone 16 Sales Surge 20% in China, Signaling a Strong Comeback

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    Pick n Pay Set to List Boxer Business in Africa’s Largest IPO of 2024

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    One Direction Star Liam Payne Dies after Hotel Balcony Fall

    One Direction Star Liam Payne Dies after Hotel Balcony Fall

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Home National

Supreme Court Judgement On Naira: Buhari, Emefiele Meet

by Julius Afolalu
February 9, 2023
in National, Headlines
Reading Time: 1 min read
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Naira Redesign: Buhari Accuses Banks Of ‘Greed’ 
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President Muhammadu Buhari, on Wednesday, met with the Governor of the Central Bank of Nigeria, Godwin Emefiele, at the State House, Abuja.

The meeting, which happened shortly after this week’s Federal Executive Council meeting, comes hours after the Supreme Court restrained the Federal Government from implementing the February 10 deadline for the old 200, 500 and 1000 naira notes to cease being legal tenders.

On Monday, the governments of Kaduna, Kogi and Zamfara states had in a motion ex parte filed by their lawyer, AbdulHakeem Mustapha, prayed the Supreme Court to stop the CBN’s naira redesign policy.

A seven-person panel of the Supreme Court led by Justice John Okoro unanimously granted an interim injunction restraining the FG, CBN and deposit banks from implementing the February 10, deadline pending the determination of a notice in respect of the issue on February 15.

Emefiele did not speak with journalists after the meeting.

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Tags: Central Bank of Nigeria (CBN)Godwin EmefieleMuhammadu BuhariNaira redesignNaira scarcityNew naira notesNigeriaSupreme Court of Nigeria
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