The Niger State Government on Saturday revealed that it had filed a lawsuit against the Federal Government of Nigeria over the naira redesign policy of the Central Bank of Nigeria (CBN) at the Supreme Court.
According to Danmallam, the case with suit number SC/CV/210/2023 was filed on Friday, with the Niger State Government as the plaintiff.
The statement said that the Niger 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.
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 for the inhabitants of the State, especially rural dwellers across the State.
The deadline, according to the CBN governor, Godwin Emefiele, was moved to February 10, 2023.
A seven-man panel led by Justice John Okoro, in a unanimous ruling last Wednesday, ordered that the old naira notes remain in circulation until Feb. 15 when the apex court will rule on the matter.
Source:Daily Post
