Buhari Meets Emefiele After Supreme Court Adjournment

In the hours following the Supreme Court’s adjournment of the case involving the naira redesign policy, President Muhammadu Buhari met with Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN).

This was revealed in an interview with Channels Television by Garba Shehu, the Senior Special Assistant to the President on Media and Publicity.

After the Federal Executive Council (FEC) meeting and the suspension of the Supreme Court case filed against the Federal Government and the CBN, according to Shehu, the President met with the head of the top bank.

However, the presidential spokesman failed to confirm or deny the reports making the rounds that the President may be mulling an extension of the validity of the old naira notes by 60 days.

Recall that the Supreme Court had earlier on Wednesday said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old N200, N500 and N1,000 notes still stands.

The apex court further fixed February 22 for the hearing of the suit filed by Kaduna, Kogi and Zamfara states challenging the propriety of the naira swap policy of the Federal Government.

The court chose the date after joining the Attorneys General of Katsina Lagos, Cross River, Ondo, Ogun, Ekiti and Sokoto states as co-plaintiffs in the earlier suit filed by Kaduna, Kogi and Zamfara states.