Naira Scarcity: Kaduna, Kogi, Zamfara governments sue FG

The trio of Kaduna, Kogi, and Zamfara State governments has instituted a suit at the Supreme court against the federal government seeking a restraining order to stop the full implementation of the naira redesign policy.

Their action is not unconnected with the dire impact of the Central Bank of Nigeria (CBN)’s naira redesign policy on the residents of their domains which is not assuring that it would end soon.

In the suits as plaintiffs are the three attorney generals and commissioners of justice for the three states, while the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, is the sole respondent.

In a motion ex-parte filed on their behalf by their lawyer, AbdulHakeem Uthman Mustapha (SAN), the three northern states are urging the apex court to grant them an interim injunction stopping the Federal Government either by itself or acting through the CBN, the commercial banks or its agents from carrying out its plan of ending the timeframe within which the now older versions of the 200, 500 and 1000 denominations of the Naira may no longer be legal tender on February 10, 2023.

However, no date has yet been fixed for the hearing of the suit.