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General News of Wednesday, 8 February 2023

Source: www.mynigeria.com

New Notes Swap: Buhari meets Emefiele after Supreme Court ruling

President Buhari and Godwin Emefiele President Buhari and Godwin Emefiele

President Muhammadu Buhari has received Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the presidential villa.

This comes barely hours after the Supreme Court barred the federal government from
implementing the February 10 deadline sets to stop the use of the old naira notes, Channels TV reported.

The details of the meeting remain unknown at the time of filing this report, however, it is believed to be unconnected to the ruling of the supreme court that stopped the federal government from stopping Nigerians from spending the old naira notes.

Justice John Okoro led a 7-man panel of justices of the supreme court in a unanimous ruling granted the interim injunction after an ex parte order filed by the governments of Kaduna, Zamfara and Kogi states.

The apex court held that the federal government and the CBN must stop the deadline until the determination of notice with respect to the issue of February 15.