Kaduna, Kogi and Zamfara Governors Dragged Federal Government to Supreme Court.
The governments of Kaduna, Kogi, and Zamfara have dragged the Federal government before the Supreme Court to obtain a restraining order to prevent the full implementation of the CBN’s naira redesign policy.
They are concerned about the effects it is having on the citizens of their states.
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The three northern states are asking the supreme court to grant them an interim injunction to prevent the Federal Government from carrying out its plan to end the timeframe within which the now-outdated 200, 500, and 1000 Naira denominations may no longer be legal tender on February 10 in a motion ex-parte filed on their behalf by their attorney, Abdul Hakeem Uthman Mustapha (SAN).
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), is the only Respondent in the case.
The three Attorneys-General and Commissioners of Justice of the three states are the Plaintiffs.
The plaintiffs claimed that there has been a severe shortage of new naira notes in Kaduna, Kogi, and Zamfara States since the announcement of the new policy and that citizens who have dutifully deposited their old naira notes are finding it harder and harder and occasionally impossible to obtain new naira notes to carry out their daily activities.
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They also cited the notice’s inadequacy, the exercise’s haphazard execution, and the associated hardship it is causing Nigerians, which has been well acknowledged even by the Federal Government of Nigeria itself.
The Plaintiffs added that the Federal Government’s ten-day extension is still insufficient to address the problems plaguing the policy
The court hearing for the lawsuit has not yet been scheduled.
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