A High Court of the Federal Capital Territory, presided over by Justice Eneojo Eneche,has stopped restrained President Mohammadu Buhari, the Central Bank of Nigeria, its Governor and 27 commercial banks from suspending, stopping, extending or interfering with the currency redesign terminal date of February 10,this year.
He gave the order after hearing a motion ex Parte filed on February 6, brought pursuant to Order 7; Order 26 Rule 6; Order 48 Rule 4; Order 42 Rule 8, Order 43 Rules 1 and 3 of the Federal Capital Territory High Court (Civil Procedure) Rules, 2018 as well as Section 6(6) (a) and (b) of the 1999 Constitution (As Amended).
The court said it also considered the 37 paragraphs affidavit deposed to by Emmanuel Okereke.
The court made an order granting an interim mandatory injunction mandating the defendants, whether by themselves, staf, agents, officers, banks or financial Institution or whosoever described to comply with, implement and give effect to the currency to design and restructuring of the old N200, N500 and 1000 bank notes on or before the last date of 10th of February, 2023, pending the hearing and determination of the motion on notice.
The court said:”An interim mandatory injunction made restraining the Defendants whether by themselves, staff agents, officers, interfacing banks or whosoever not to suspend, stop, extend, vary or interfere with the extant termination date of use of the old N200, N500, and N1000 bank notes being 10th day of February, 2023 pending the hearing and determination of motion on notice.
Justice Eneche also directed the heads, Chief Executive Officers, Managing Directors and/or alter egos of the 4th to 30th defendants to forthwith show cause as to why they shall not be arrested and prosecuted for the Economic and Financial sabotage of the Federal Republic of Nigeria by their illegal act of hoarding, withholding, nor paying or disbursing the new N200, N500 and 1000 bank notes,
