Nigerian Central Bank Barred From Extending February 10 Deadline

Newscast - Africa

Justice Eneojo Eneche of the Federal Capital Territory High Court has stopped the Central Bank of Nigeria, President Muhammadu Buhari, and 27 commercial banks from suspending or interfering with the currency redesign terminal date of February 10 or issuing any directive contrary to the said date.
The court also granted an order directing the Chief Executive Officers 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 N200, N500, and N1000 bank notes, despite the supply of such notes by the central bank.
The CBN maintained it would not extend the deadline.