12.3 C
New York
April 19, 2024
Worship Media
Blog

Naira Swap: Court bars CBN and President Buhari from extending February 10 Deadline

Justice Eneojo Eneche of the Federal Capital Territory (FCT) High Court, has stopped the Central Bank of Nigeria (CBN), President Muhammadu Buhari and 27 commercial banks from suspending or interfering with the currency redesign end date of February 10, or issuing any directive contrary to the said date. In a motion filed by five political parties, the court also granted an order directing the Chief Executive Officers (CEOs) of the banks, to explain why they should not be arrested and prosecuted for the financial sabotage of the country, by illegally hoarding and not disbursing the new N200, N500, and N1000 bank notes, despite supply of such notes by the central bank.”Buhari in 2022 approved the redesign of the banknotes but it has created hardship among Nigerians who have struggled to lay hands on the new notes despite the February 10th deadline for the currency inching closer.Despite the naira swap crisis, the CBN has maintained it would not extend the deadline. See the court documents below:    The post Naira Swap: Court bars CBN and President Buhari from extending February 10 Deadline appeared first on Linda Ikeji Blog. Click Here to Visit Orignal Source of Article http://www.lindaikejisblog.com/2023/2/naira-swap-court-bars-cbn-and-president-buhari-from-extending-february-10-deadline-2.html

Related posts

Mistrial declared in rapper YNW Melly’s double murder trial

LindaikejisBlog

Homeowners confront squatter as he climbs through a window

LindaikejisBlog

Liverpool star, Mohamed Salah faces backlash from Muslim fans after posting a photo of a Christmas tree

LindaikejisBlog

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy