The Supreme Court has adjourned judgement in the new naira case instituted by 10 states against the federal government to March 3, 2023.
On February 8, the apex court restrained the federal government from implementing the February 10 deadline for swapping the old naira notes with new ones.
However, the Central Bank of Nigeria refused to shift the deadline.
On February 3, Zamfara, Kogi and Kaduna state governments filed a case against the Attorney-General of the Federation over the matter.
Other states including Lagos, Ondo, Ekiti, Kano, Sokoto, Ogun and Cross River have also joined the suit as co-plaintiffs.
While taking arguments on Wednesday, counsel for the Federal Government, Kanu Agabi, said the Supreme Court held that all reliefs are rooted in section 20 of the CBN Act.
He said the apex court has no jurisdiction to hear the suit as the action cannot commence with an Originating Summons.
The lawyer also contended that the plaintiffs did not deem it fit to the CBN to court as a respondent despite making reference to the apex bank 32 times in their originating summons and despite the fact that seven of the reliefs sought relate to the CBN.
Mr Agabi said Nigerians were already turning down the old notes way the President’s directive.
He said by asking Nigerians to deposit their old naira at the CBN designated centres, the president was abiding by the court order and that Buhari is empowered under the constitution to veto any legislation.
