Three Northern state governors including Kaduna, Kogi, and Zamfara have dragged the Federal government before the Supreme Court.
Their demands were a restraining order to prevent the full implementation of the Central Bank of Nigeria, CBN’s naira redesign policy.
The governors were concerned about the effects of the policy on the citizens of their states.
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The three northern states asked that the supreme court 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injunction to prevent the Federal Government from carrying out its plan to end the timeframe within which the now-outdated 200, 500, and 1000 Naira denominations may no longer be legal tender on February 10 in a motion ex-parte filed on their behalf by their attorney, Abdul Hakeem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 had been a severe shortage of new naira notes in Kaduna, Kogi, and Zamfara States since the announcement of the new policy
He added that citizens who have dutifully deposited their old naira notes were finding it harder and occasionally impossible to obtain new naira notes to carry out their daily activities.
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 was still insufficient to address the problems rocking the policy.
However, the court hearing for the lawsuit has not yet been scheduled.
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