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Naira Redesign: Supreme Court Joins Katsina, Lagos, Cross Rivers, Others In Suit Against FG

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The Supreme Court of Nigeria,Wednesday, joined the Attorneys General of Katsina, Lagos, Cross Rivers, Ogun, Ondo, Ekiti, and Sokoto states as co-plaintiffs in the suit challenging the naira redesign policy of the Federal Government.

The state governments had through their AGs applied to be joined in the suit.

Three Northern states- Kaduna, Kogi and Zamfara, had in a motion ex-parte filed on February 3rd, prayed the apex court to halt the Central Bank of Nigeria naira redesign policy.

Besides,the apex court joined Bayelsa and Edo states as co-respondents in the matter.
Justice Inyang Okoro, leading a 7-man panel of Justices of the Supreme Court ordered the plaintiff to amend the originating process to reflect the co-plaintiffs joined in the suit.

The Supreme Court in a unanimous ruling on February 6, granted an interim injunction restraining the FG, CBN, commercial banks etc from implementing the February 10, deadline for the old 200, 500 and 1000 Naira notes to stop being a legal tender.

It further held that the FG, CBN, commercial banks etc must not continue with the deadline pending the determination of a notice on notice on in respect of the issue on February 15.

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