The governors of Kaduna and Kogi states, Nasir el-Rufia and Yahaya Bello respectively, are currently present at the Supreme Court for a hearing in a case brought by their states, as well as Zamfara, regarding the Central Bank of Nigeria’s (CBN) naira redesign policy.
The states have requested an interim injunction to stop the CBN from ending the timeframe for the old N200, N500, and N1,000 notes to cease being legal tender.
On February 8, the court granted a restraining order against the CBN’s February 10 deadline, an order the CBN refused to obey.
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The federal government has filed a preliminary objection to the suit, arguing that the Supreme Court lacks the necessary jurisdiction to hear the case.
Kanu Agabi, a former Minister of Justice and Attorney General of the Federation, is representing the government in court. A seven-member panel, led by John Okoro, is currently presiding over the case, which is attended by many litigants and lawyers.
Additionally, representatives from Lagos, Katsina, Cross-River, Ogun, Ekiti, Ondo, and Sokoto states are present in court seeking to be co-plaintiffs in the case, while Bayelsa and Edo states are requesting to be joined as respondents.
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