A Federal High Court sitting in the Federal Capital Territory (FCT) Abuja has stopped President Muhammadu Buhari and the Central Bank of Nigeria (CBN) as well as 27 commercial banks from suspending or interfering with the February 10 currency redesign terminal date.
The court, meanwhile, ordered that any of the commercial banks found hoarding the N200, N500, and N1,000 redesigned notes would be arrested and prosecuted in accordance with the law of the country.
Justice Eneojo Eneche gave the order on Monday after reviewing the suit brought before the court by four applicants, asking that the date fixed by the apex bank for the currency swap be maintained.
The applicants were four political parties and they were Action Alliance (AA), Action Peoples Party (APP), Allied Peoples Movement (APM), and National Rescue Movement (NRM).
