Justice ENEOJO ENECHE of the Federal Capital Territory (FCT) High Court, has revealed it stopped the Central Bank of Nigeria (CBN), President MUHAMMADU BUHARI and 27 commercial banks from suspending or interfering with the currency redesign terminal date of February 10, or issue any directive contrary to the said date.

In a motion by five political parties, the court also granted an order directing the Chief Executive Officers (CEOs) of the banks, to show cause why they should not be arrested and prosecuted for the financial sabotage of the country, by illegally hoarding and not disbursing the new 200, 500, and 1000 naira bank notes, despite supply of such notes by the central bank.

Recall that president BUHARI, last year, approved the redesign of the banknotes. 

In the wake of the naira swap crisis, the CBN has maintained it would not extend the deadline.

The recent CBN policy has been met with various views as some have expressed support for the apex bank’s decision, while many others have kicked against it as insensitive to the average Nigerian.