Professor USF Nnabue, pioneer Dean, Faculty of Law, Imo State University and currently a Commissioner in the National Population Commission and Professor Henry Alisigwe of the Faculty of Law, Imo State University Owerri Nigeria, in their article, Common Currency for ECOWAS: A Panacea for Regional Economic Development, note the widespread acclaim that heralded the recent decision to launch a common currency, the ECO, in furtherance of the integrative efforts of the Economic Community of West African States (ECOWAS). They interrogate whether the common currency initiative is the sesame that will lead to enhanced regional economic development among member States of the ECOWAS. They argue that a common currency remains a potent instrument in harnessing the developmental potentials of ECOWAS member States and conclude that breathing life into the ECO currency will help in the mobility of goods and services within the ECOWAS region.