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Why Kaduna, Kogi, Zamfara Approached Supreme Court – Lawyer
Why Kaduna, Kogi, Zamfara Approached Supreme Court – Lawyer
The Nigerian Supreme Court has stopped the Federal Government from enforcing the February 10 deadline for the old 200, 500, and 1000 naira notes to cease being legal tender.
Three northern states — Kaduna, Kogi, and Zamfara — asked the Supreme Court to stop the Central Bank of Nigeria’s (CBN) naira redesign policy in a motion ex-parte filed on February 3rd by their lawyer, AbdulHakeem Mustapha (SAN).
In a unanimous ruling, a seven-member Supreme Court panel led by Justice John Okoro granted an interim injunction preventing the FG, CBN, commercial banks, and others from implementing the February 10 deadline for the old 200, 500, and 1000 Naira notes to cease being legal tender.
Read Also BREAKING: Supreme Court Suspends CBN Deadline On Old, New Naira Notes Swap
The court also ruled that the FG, CBN, and commercial banks could not extend the deadline until the determination of a notice on notice on the issue on February 15.
The old Naira notes are still legal tender in Nigeria as a result of this ruling.
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Following the ruling, Mustapha, the lawyer for the three state governments, stated that Zamfara, Kogi, and Kaduna dragged the Federal Government and the apex bank to the highest court because the policy is causing hardship on Nigerians, particularly those in rural areas.
“We invoke the original jurisdiction of the Supreme Court when there is a dispute between the state government and the Federal Government. It is one of the few occasions where the Supreme Court act as the original jurisdiction. So, we invoked the powers of the Supreme Court to hear this application,” the senior advocate said.
“The reason for it is that as well-intentioned as this policy of the Federal Government on this naira redesign, it is causing hardship all over the country. As we can all see, banks are being harassed, Nigerians are suffering, especially the downtrodden, even in the urban areas they are having difficulty, but it is more excruciating in the rural areas.
“So, the three state governments – Zamfara, Kaduna and Kogi deemed it fit for us to invoke the powers of the Supreme Court to intervene.”
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