BREAKING: APC States Drag Buhari’s Govt, CBN To Court Over Naira Scarcity

Three state governments currently being ruled by the All Progressives Congress (APC) have dragged President Muhammadu Buhari’s government to court over the new naira policy introduced by the Central Bank of Nigeria (CBN).

Reacting to the current hardship suffered by their state citizens following the CBN’s naira redesign policy, the governments of Kaduna, Kogi, and Zamfara reportedly dragged the Federal government before the Supreme Court, seeking a restraining order to stop the full implementation of the policy.

In a motion ex-parte filed on their behalf by their lawyer, Abdul Hakeem Uthman Mustapha (SAN), the three northern states are urging the apex court to grant them an interim injunction stopping the Federal Government either by itself or acting through the CBN, the commercial banks or its agents from carrying out its plan of ending the timeframe within which the now older versions of the 200, 500 and 1000 denominations of the Naira may no longer be legal tender on February 10, 2023.

More details shortly…