Admin l Wednesday, February 8, 2023
ABUJA, Nigeria – The Supreme Court today suspended the February 10 deadline fixed by the Central Bank of Nigeria. The apex bank fixed the deadline with approval from President Muhammadu Buhari.
The Supreme Court gave the ruling in the suit filed by Governors of the All Progressive Congress(APC), in Kaduna, Zamfara and Kogi State, seeking an extension of the deadline .
The apex bank had fixed February 10 as the deadline with another grace period of 7 days after February 10, putting the real deadline at February 17.
In the suit, the APC governor also sought an injunction restraining the plaintiffs among other reliefs.
The Plaintiffs, the three APC governors through their lawyers held that the ten-day extension by the Federal Government is insufficient to address the challenges bedevilling the policy.
Ruling on the matter, a seven-man panel lead by Justice John Okoro held that the order stands pending the determination of the substantive suit before the court and adjourned the matter to February 15, 2023 for hearing .