Kaduna, Kogi, Zamfara Govts drag FG, CBN to court over new naira
Concerned about the effects the Central Bank of Nigeria’s (CBN) naira redesign policy is having on the citizens of their states, the governments of Kaduna, Kogi, and Zamfara have taken the Federal government before the Supreme Court, asking for a restraining order to prevent the policy’s full implementation.
The three northern states are asking the apex 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injunction to prevent the Federal Government from carrying out its plan to end the timeframe within which the now-outdated 200, 500, and 1000 denominations of the Naira may be used. This is stated in a motion ex-parte filed on their behalf by their lawyer, AbdulHakeem Uthman Mustapha (SAN), which News Point Nigeria was able to obtain on Monday morning.
Details later…
