Global Upfront Newspapers
CoverLifeNewsPolitics

FG, Edo, Bayelsa States Oppose Kaduna, Kogi, Zamfara Suit On Old Naira Redesign, Swap Policy As Supreme Court Adjourns To February 22

  • Other States with separate motions on the issue are Niger, Ondo, Ogun.

The Supreme Court has adjourned suits filed to challenge and defend the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday, February 22.

While some State governments led by Kaduna State Government are challenging the deadline for old notes to cease to be legal tender, the federal government, joined by Edo and Bayelsa States are in defence of the apex bank.

The CBN had originally fixed January 31 as deadline for old notes to be in circulation but extended it in response to pressure from Nigerians.

However, before the February 10 deadline, Kogi, Kaduna and Zamfara States approached the Supreme Court, seeking that the CBN be restrained from going ahead with the deadline.

The court had directed the CBN to rescind its decision pending the hearing of the suit On February 15, but apex court insisted on the deadline, saying on Tuesday that there was no need for another extension.

At the hearing on Wednesday, a seven-man panel presided by Justice Inyang Okoro advised all the state governments represented in the court to follow and abide by the decision to be reached in the motion filed by the Kaduna State Government.

Other states with separate motions on the issue are: Kogi, Zamfara, Niger, Ondo, Ogun.

Abdulhakeem Mustapha (SAN) announced appearance for Kaduna State Government, while Damian Dodo (SAN) represented Bayelsa State, seeking to be joined in the matter as co-defendant. He said the application was filed last Friday.

Edo State also joined as co-defendant with the federal government.

Kanu Agabi and Mahmud Magaji (both SANs) announced appearance for the federal government.

Sam Ologun-Orisa (SAN), representing Katsina was delegated by the court to move on behalf of the states seeking to be joined as co-plaintiffs, while Dodo was asked to move on behalf of states seeking to be joined as co-defendants in the matter.

He moved the application supported by 7 paragraphs and affidavits

The panel ordered the amendment of processes to group states – Katsina, Lagos, Ondo, Ogun, Ekiti, Cross Rivers and Sokoto – joining as co-plaintiffs to the suit by Kaduna State together.

The panel fixed all the suits for hearing on Wednesday, February 22.

Daily Trust

Advertize With Us

See Also

Nigeria approves gradual reopening of international, train services

Global Upfront

Defence Minister: It Is Time To End Banditry, Terrorism, Says The Commitment, Resilience Is Available

Global Upfront

Nourishing the Brain Wounded by Childhood Adversity: How the right mix of nutrients revitalizes the brain

Global Upfront

Military airstrikes kills “several” Boko Haram Terrorists,’ destroy their hideouts at Maima and Tusuye along the Dikwa-Rann axis, Borno State

Global Upfront

Harrison Floyd, The Lone Black Among 18 Trump’s Co-defendants Denied Bond, Held in Jail Pending Further Proceedings

Global Upfront

Russia-Ukraine War: Russia Warns U.S. Of ‘Fatal Consequences’ Of Ukraine’s Use Of American Weapons As China Hits Back At Zelenskyy

Global Upfront

FG Imposes New Restrictions, Shuts Down Schools, Recreational Centres Nationwide Over 2nd Wave of COVID-19

Global Upfront

Do Something Urgently, Nigerians Are Suffering, Christian Association of Nigeria Tells Tinubu, Governors

Global Upfront

Nigerian New Landing Ship Tank NNS KADA Departs Her Last Port Call At Port Gentil, Gabon On Tuesday En Route To Lagos

Global Upfront

COVID-19 Restrictions: Colloquium on Ohanaeze President General, John Nnia Nwodo, slated for January 5th postponed

Global Upfront

This website uses Cookies to improve User experience. We assume this is OK...If not, please opt-out! Accept Read More