Naira redesign: Ekiti joins suit, urges S/Court to stop implementation of policy

The Ekiti State Government has applied to be joined as a Co-Plaintiff in a suit against the Federal Government at the Supreme Court of Nigeria on the Naira redesign policy and the deadline issued by the Central Bank of Nigeria (CBN) for the swap of old notes for new ones.

Ekiti State Attorney General and Commissioner for Justice, Ekiti State, Dayo Apata (SAN) filed the application for joinder on Friday at the Supreme Court, seeking three reliefs.

The suit with the number SC/CV/162/2023 has Attorneys General of Kaduna, Kogi and Zamfara as Plaintiffs while the Attorney General of the Federation is the Defendant.

The three reliefs being sought by the Attorney General of Ekiti State are; ” Leave off this Honourable Court to join the Applicants as a Co-Plaintiff in this suit,

“An Order of this Court joining Attorney General of Ekiti State as a Co-Plaintiff in this Suit, and for such order or further ordered that this Honourable Court may seem fit to make in this circumstance of this suit.

“Some of the grounds upon which the application was premised include acute shortage in the supply of naira notes in the State since the announcement of the policy by the Federal Government through the Central Bank of Nigeria.”

The state government equally stated that the directive of the Federal Government of Nigeria, ” has also adversely affected the revenue, levies, and taxes accruable to the coffers of Ekiti State Government as economic activities in the State are now completely paralysed.”