By Musbau Babatunde
The Supreme Court of Nigeria,today,fixed March 3, for judgment in a suit filed by Attorneys General of Kaduna, Kogi and Zamfara States, challenging the Naira Redesign policy of the Federal Government.
Other states joined in suit by the Supreme Court upon their request include the Attorneys General of Katsina, Lagos, Cross Rivers, Ogun, Ekiti, Ondo, and Sokoto.
Six other states that subsequently filed various suits against the Federal Government’s demonitization policy, and whose cases were consolidated are:Rivers, Kano, Niger, Nasarawa, Jigawa, and Abia.
Besides,the apex court joined Bayelsa and Edo states as co-respondents in the matter.
Kaduna, Kogi, Zamfara and the other co-plaintiff States are praying the apex court to halt the Central Bank of Nigeria naira redesign policy.
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 N200, N500 and N1000 Naira notes to stop being a legal tender.
It further held that the Federal Government,Central Bank of Nigeria, commercial banks etc must not continue with the deadline pending the determination of a notice on notice on in respect of the issue.
