Categories: News

Naira Redesign: Another Governor Drags Buhari Govt, CBN To Court

  • Buhari’s government has again been taken to court over the Naira redesign.

  • The Niger state government filed the case on February 10th against the Federal Government.

  • The state gov expressed concern over the hardship citizens are experiencing due to the new policy.

EKO HOT BLOG reports that the Niger State Government has dragged the Muhammadu Buhari-led Federal Government to the Supreme Court over the naira redesign policy introduced by the Godwin Emefiele-led Central Bank of Nigeria (CBN).

This was made known in a statement on Saturday by Nasara Danmallam, the Niger State Attorney General and Commissioner for Justice, in Minna, the State capital.

EDITOR’S PICKS

He disclosed that the case, with suit number SC/CV/210/2023, was filed on February 10, with the Niger State Government as the plaintiff.

According to Danmallam, the state government was seeking an extension of the timeframe given by the CBN for the currency swap and withdrawal from circulation of old N200, N500, and N1,000, amongst other reliefs.

He noted that the three months given by the federal government for the withdrawal of old currency across the country was not reasonable and in violation of sections 13, 14 (2) (b), 17 (1) (c) of the 1999 Constitution as amended.

In the affidavit in support of the originating summons, filed at the Supreme Court, the Niger government contended that the unavailability of the newly redesigned notes had caused untold hardships and sufferings on the inhabitants of the state, especially those living in rural dwellers across the state.

FURTHER READING

The statement expressed the state government’s concern about the inconveniences the redesigned Naira policy had brought on the people, saying that the government would continue everything within its constitutional limit to ameliorate their sufferings.

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