Naira Redesign: FG asks Supreme Court to dismiss states’ suit

The federal government has called on the Supreme Court to dismiss a suit challenging the 10 February deadline set by the Central Bank of Nigeria (CBN) to end the legal tender status of the old versions of some newly designed currency notes.

It argues that the Supreme Court lacks jurisdiction to hear the suit. The suit was filed by three states – Kaduna, Kogi and Zamfara States, all in the northern part of Nigeria and controlled by the ruling All Progressives Congress (APC).

The respondent maintains that the case is not a dispute between the federation and the state governments, but merely an issue about CBN’s policy.

It says the suit is, therefore, not qualified to be taken directly to the Supreme Court for adjudication. It argues that the suit ought to have been commenced at the Federal High Court.

The Attorney-General of the Federation (AGF), Abubakar Malami, sued as the sole defendant as the representative of the federal government, filed his opposition to the suit as a preliminary objection against it at the Supreme Court on Wednesday.

Mr Malami’s filings came hours after the Supreme Court granted a request by the three state governments for an order temporarily halting the CBN’s plan to end the use of the old currency notes on 10 February.

Neither the federal government nor the CBN has commented on their plan to comply with the ruling.

Suit
It was reported that the three state governments had sued the federal government to challenge the Naira redesign policy.

Their application filed at the Supreme Court on 3 February prayed for an order restraining the CBN from ending the use of the old currency notes on 10 February as threatened by the bank.

They cited the sufferings the scarcity of the newly redesigned N200, N500, and N1,000 bank notes had brought upon many Nigerians.

After listening to the applicants’ lawyer on Wednesday, a seven-member panel of the court, led by John Okoro, issued an order of interim injunction halting the plan by the CBN to end the use of the old banknotes as scheduled.

The court then adjourned the hearing of the main case until 15 February.

PREMIUM TIMES