{"id":247687,"date":"2023-02-09T07:35:33","date_gmt":"2023-02-09T06:35:33","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=247687"},"modified":"2023-02-09T07:36:51","modified_gmt":"2023-02-09T06:36:51","slug":"supreme-court-hasnt-taken-decision-on-naira-swap-policy-says-ozekhome","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/02\/09\/supreme-court-hasnt-taken-decision-on-naira-swap-policy-says-ozekhome\/","title":{"rendered":"Supreme Court Hasn’t Taken Decision On Naira Swap Policy, Says Ozekhome"},"content":{"rendered":"

Senior Advocate of Nigeria (SAN), Mike Ozekhome, says the Supreme Court has yet to take a ruled on the Central Bank of Nigeria (CBN) policy that stipulates a February 10 deadline for old N200, N500 and N1,000 banknotes.<\/p>\n

This comes after a seven-man panel of the apex court led by Justice John Okoro, in a unanimous ruling on Wednesday, granted an interim injunction restraining the Federal Government from enforcing the CBN\u2019s ultimatum.<\/a>
\nThe judgement followed a motion ex-parte on behalf of three northern states \u2013 Kaduna, Kogi and Zamfara \u2013 filed on February 3rd, by their lawyer, AbdulHakeem Mustapha (SAN), praying the apex court to halt the CBN naira redesign policy.<\/p>\n

But Ozekhome, in live appearance on The 2023 Verdict, Channels Television\u2019s special election programme, clarified that the judgement was not a conclusive stance on the CBN\u2019s currency swap policy.<\/p>\n

\u201cThe Supreme Court has not decided the matter. All it has done is to fall back to a decision like Kotoye v. CBN, that in matters of extreme urgency, you can grant an interim order, even if it be ex parte, to prevent the subject matter of the suit being truncated.<\/p>\n

\u201cIf, for example, the Supreme Court, did not make that order, and the only order existing is that of the High Court, it means that the CBN, by 10th of this month, will stop the use of all old notes.<\/p>\n

\u201cBut what the Supreme Court has said is, \u2018Just wait, let us listen to you people,\u2019 not that it has decided that Zamfara, Kogi and Kaduna states have any valid case that is actionable because the action is already being challenged with a preliminary objection.<\/p>\n

\u201cIt is another way of saying, \u2018Let us first drive away the fox before we blame the fowl for wandering too far into the forest,\u2019\u201d he said<\/p>\n","protected":false},"excerpt":{"rendered":"

Senior Advocate of Nigeria (SAN), Mike Ozekhome, says the Supreme Court has yet to take a ruled on the Central Bank of Nigeria (CBN) policy that stipulates a February 10 deadline for old N200, N500 and N1,000 banknotes. This comes after a seven-man panel of the apex court led by Justice John Okoro, in a […]<\/p>\n","protected":false},"author":39,"featured_media":89028,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[2196,1152,56909,1670],"class_list":["post-247687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-2023-election","tag-mike-ozekhome","tag-naira-deadline","tag-supreme-court"],"yoast_head":"\nSupreme Court Hasn't Taken Decision On Naira Swap Policy, Says Ozekhome<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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