S’Court ruling on old naira: Protesters storm CBN headquarters

Protesters stormed the headquarters of the Central Bank of Nigeria, CBN, and the office of the Attorney General of the Federation, AGF, over the Supreme Court ruling on the deadline for use of old naira notes.

On Wednesday, a seven-member apex court panel led by John Okoro temporarily restrained the Federal Government and Central Bank of Nigeria from phasing out the use of the old naira notes after February 10.

The judgement came following an ex parte suit filed by governors of Kaduna, Kogi, and Zamfara states.

In a briefing with Journalists in Abuja on Wednesday, one of the leaders of the protesters, Obed Agu, said President Muhammadu Buhari should issue an executive order maintaining the date mentioned as the deadline for the use of old naira notes.

Naira scarcity has caused untold hardship nationwide with no end in sight.

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Some commercial banks in Ogun, Federal Capital Territory, Edo and Lagos have been forced to shut down over fear of mob attack. Meanwhile, the Federal Government and CBN, have continued to run from pillar to post, looking for a solution to the national crisis.

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