Kaduna, Zamfara and Kogi Govts drag FG to court over Naira Redesign

Governments of Kaduna, Kogi and Zamfara states, worried over the lingering naira scarcity due to the CBN’s naira redesign policy have dragged the Federal Government before the Supreme Court seeking a restraining order to stop the full implementation of the policy.

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