Breaking:Supreme court has Fixed 22 Of February to Hear Suit On Monetary Policy Between Some State Government & Federal government



Supreme court has fixed 22 of February to hear suit on monetary policy instituted by some states over the naira redesign policy by the Central Bank of Nigeria (CBN).

Seeking to join the suit is Lagos, Katsina, Cross-River, Ogun, Ekiti, Ondo, kogi , Kaduna, Zamfara, states are represented in court seeking to be joined as co-plaintiffs in the suit.

Bayelsa and Edo states are seeking to be joined the federal government supporting the federal government

Meanwhile, the previous interim order on the extension of old Naira notes as legal tender beyond 10th February, 2023 subsists.

In a motion ex parte filed before the supreme court, Kaduna, Kogi, and Zamfara represented by Abdulhakeem Mustapha, had prayed the court to grant an interim injunction stopping the CBN from ending the timeframe within which the old N200, N500, and N1,000 notes will cease to be legal tender.

On February 8, the court restrained the apex bank from giving effect to the February 10 deadline.

The federal government has also filed a preliminary objection to the suit, arguing that the supreme court lacks the requisite jurisdiction to entertain the matter.

Governor of kogi, Yahya Bello and it’s counterpart, Nasiru Elrufai the governor of Kaduna state were physically present in court.


Published by daranetworktv

An Online Platform Built On Intergrity For your reliable News ,Health Issues,Solutions And More

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: