Central Bank of Nigeria

Justice Eneojo Eneche of the Federal Capital Territory (FCT) High Court, has stopped the Central Bank of Nigeria (CBN), President Muhammadu Buhari and 27 ...

[Atiku Abubakar](https://www.channelstv.com/2023/02/01/naira-notes-vote-riggers-pushing-cbn-for-extension-atiku/); and Labour Party, [Peter Obi](https://www.channelstv.com/2023/02/05/new-notes-bear-with-fg-cbn-peter-obi-urges-nigerians/), have shown support for the CBN. The move has, however, [created hardship among Nigerians](https://www.channelstv.com/2023/01/26/naira-redesign-rural-communities-will-be-affected-by-cbn-deadline-says-el-rufai/) who have struggled to lay hands on the new notes as the [February 10th deadline](https://www.channelstv.com/2023/01/29/breaking-cbn-extends-old-naira-deadline-till-february-10/) for the currency swap inches closer.

A legal practitioner based in Lagos State, Jiti Ogunye has asked the Nigerian Central Bank to extend the suspension of old Naira notes by six months.

To get PVC was a problem. To get NIN was a problem. To get Driver’s License is a problem .To get a Passport is a problem. “To get BVN was a problem. To get new Naira Notes is a problem. “A ruler regularly portrayed as a forthright but manipulable head who is taken advantage of by dishonest subordinates, feeding him wrong advice, thus making him take wrong decisions, is a weak and incompetent ruler.

By John Ikani The Federal High Court sitting in Abuja has delivered a ruling restraining the Central Bank of Nigeria from extending the deadline for the use ...

A federal capital territory (FCT) high court has compelled the Central Bank of Nigeria (CBN) to go ahead with full implementation of the naira redesign.

The judge also made an order of interim injunction “directing and mandating the defendants whether by themselves, staff, agents, officers, interfacing banks or whosoever described to comply with, implement and give effect to the currency redesign and restructuring of the old N200, N500, and N1000 bank note on or before the last day of 10th of February, 2023, pending the hearing and determination of motion on notice”. “An order of interim injunction is hereby made restraining the defendants whether by themselves, staff, agents, officers, interfacing banks or whosoever not to suspend, stop, extend, vary or interfere with the extant termination date of use of the old N200, N500, and N1000 bank note being 10th day of February, 2023, pending the hearing and determination of motion on notice,” the court held. Delivering a ruling on Monday in a suit marked FCT/HC/CV/2234/2023, the court restrained the CBN from extending the deadline on the use of old naira notes.

By Collins Nnabuife - Abuja A group, Pro Nigeria Group has alleged that some politicians are behind the scarcity of the newly designed naira notes by.

“This is not the first time that our currency is being changed or redesigned, it has happened in India and other parts of the world. “We are here as concerned Nigerian citizens, we are here to talk about the monetary policy issue in the Central Bank of Nigeria. The issue of vote buying is a major problem that has destroyed Nigeria.

The court ordered President Buhari and the CBN to ensure the enforcement of the 10 February deadline for the old currency notes.

Many who cannot access the machines have been paying exorbitantly to be paid by Point on Sale (POS) retailers. Good journalism costs a lot of money. The extension followed a public outcry that greeted the scarcity of the new naira banknotes. [filed a suit at the Supreme Court challenging](https://www.premiumtimesng.com/news/580278-three-apc-states-sue-federal-govt-over-scarcity-of-new-naira-notes.html) the deadline set by the CBN to phase out the old naira notes. The court restraining the CBN and other respondents in the suits from tampering with the deadline would last for seven days, a copy of the order seen by PREMIUM TIMES shows. [Central Bank of Nigeria](http://cbn.gov.ng) to ensure the enforcement of its 10 February deadline on the validity of the old naira notes.

... * Summons bank chiefs over alleged economic sabotage. Alex Enumah in Abuja. A High Court of the Federal Capital Territory Monday, issued a restraining ...

Delivering ruling in a motion exparte dated and filed February 6, 2023, Justice Eneche restrained the respondents from “stopping, extending or interfering with the currency redesign terminal date of February 10 or issue any directive contrary to the February 10 date”. A High Court of the Federal Capital Territory Monday, issued a restraining order on President Muhammadu Buhari, the Central Bank of Nigeria (CBN), CBN Governor, Godwin Emefiele and 27 commercial banks from suspending the demonization policy of the federal government. [Alex Enumah](https://www.thisdaylive.com/index.php/author/enumah/) [CBN: Propriety of Taking Directives from the Federal Government](https://www.thisdaylive.com/index.php/2023/02/07/cbn-propriety-of-taking-directives-from-the-federal-government/)

A High Court of the Federal Capital Territory in Nigeria, has stopped President Mohammadu Buhari, the Central Bank of Nigeria, its governor.

An High Court of the Federal Capital Territory (FCT), on Monday, restrained President Muhammadu Buhari, Central Bank of Nigeria (CBN), the Governor of CBN ...

Groups such as Arewa Consultative Youth Movement, Ohanaeze Youth Movement, and Oduduwa Youth Assembly have hailed the FCT High Court order. Arewa Youths said that looters of the commonwealth of the people have lost out while Ohanaeze Youths insisted that vote buyers and election riggers have been relegated just as Oduduwa Youth held the view that kickbacks will be very difficult now, corruption greatly limited and chance for money laundering made slimmer. An High Court of the Federal Capital Territory (FCT), on Monday, restrained President Muhammadu Buhari, Central Bank of Nigeria (CBN), the Governor of CBN and 27 commercial banks from suspending, stopping, extending or interfering with the currency swap terminal date of February 10 or issue any directive contrary to the said deadline.

Three states in Nigeria have asked the country's highest court to stop the federal government and central bank from ending the use of old naira currency ...

Some ruling party officials have publicly accused the CBN of a plot to turn voters against its presidential candidate in the Feb. Register for free to Reuters and know the full story ABUJA, Feb 6 (Reuters) - Three states in Nigeria have asked the country's highest court to stop the federal government and central bank from ending the use of old naira currency notes this week, saying this was causing hardships, ahead of an election later this month.

ABUJA – A High Court of the Federal Capital Territory, presided over by Justice Eneojo Eneche has restrained President Muhammadu Buhari, the Central Bank of ...

“A declaration that the three-month notice given by the Federal Government of Nigeria through the Central Bank of Nigeria under the directive of the President of the Federal Republic of Nigeria, the expiration of which will render the old bank notes inadmissible as legal tender, is in gross violation of the provisions of section 20(3) of the Central Bank of Nigeria Act 2007 which specifies that reasonable notice must be given before such a policy. “Whether the demonetisation policy of the federation viz: the withdrawal of the old N1000, N500 and N200 bank notes being carried out by the Federal Government of Nigeria through the Central Bank of Nigeria, under the directive of the President of the Federal Republic of Nigeria, does not directly interfere with the powers and functions of the plaintiffs and the welfare of the citizens of the plaintiffs’ states? “Whether the three-month notice given by the Federal Government of Nigeria through the Central Bank of Nigeria under the directive of the President of the Federal Republic of Nigeria, the expiration of which the old bank notes shall cease to be a legal tender, satisfies the provision of section 20(3) of the Central Bank of Nigeria Act 2007 which specifies that “reasonable notice” be given by the central bank before it can call in its banknotes and after which same cease to be legal tender?