President Muhammadu Buhari met with the governor of the Central Bank of Nigeria, Godwin Emefiele, on Wednesday over the naira scarcity ravaging many parts of the country.
The meeting is coming hours after the Supreme court restrained the CBN from implementing its February 10th deadline on phasing out of the old N200, N500 and N1,000 notes.
A seven-man panel of the Supreme Court led by Justice John Okoro, in a unanimous ruling, granted the interim injunction after an ex parte filed by Kogi, Kaduna and Zamfara state governments.
The highest court also held that the Federal Government and the apex bank must not continue with the deadline pending the determination of the hearing on February 15.
The outcome of the meeting is yet to be known but the visit by the apex bank chief is in connection to the ruling of the Supreme Court.
The pandemonium over the February 10 deadline for the validity of three old naira notes assumed another dimension on Monday as five political parties and three state governments begun legal battles.
Whilst the Kaduna, Kogi and Zamfara governments dragged the Federal government before the Supreme Court, seeking an extension to the February 10 deadline, five political parties took the matter to the Federal Capital Territory (FCT) High Court and secured an order barring the Federal Government and the apex bank from any extension of the deadline.
