Court Stops Buhari, CBN, Others from Suspending Naira Redesign Policy * Summons bank chiefs over alleged economic sabotage Alex Enumah in Abuja A High Court of the Federal Capital Territory Monday, issued a restraini
A High Court of the Federal Capital Territory Monday, issued a restraining order on President Muhammadu Buhari, the Central Bank of Nigeria , CBN Governor, Godwin Emefiele and 27 commercial banks from suspending the demonization policy of the federal government.
The plaintiffs in the suit marked FCT/HC/CV/2234/2023 are the Action Alliance, Action People’s Party, Allied People’s Movement and National Rescue Movement, while the defendants include President Buhari, CBN, Emefiele and 27 commercial banks. However, due to pressure from both the public and private sector, the government and CBN increased the withdrawal limit to N500,000 weekly and extended the deadline date by another 10 days terminating at February 10, 2023.
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