By Gabriel
The Supreme Court, on Wednesday, adjourned till February 22, the hearing on the Naira redesign suit brought against the Central Bank of Nigeria, CBN, by some state governors.
The suit which was at first filed by three northern states Kaduna, Kano and Zamfara and had only the Attorney-General of the Federation as the sole defendant in the matter, got an additional joiner of nine states today.
Lagos, Cross River, Ogun, Ekiti, Ondo, Katsina and Sokoto states requested to be joined as plaintiffs in the suit challenging the decision of the Federal Government to stop the use of N200, N500 and N1000 old Naira notes as valid legal tenders in the country.
While Edo and Bayelsa filed motion to join the federal government as defendants in the suit.
River State on its part, said it’s reason for joining was different as it was hinged on challenging the N5million and N100m withdrawal limits that was set by the CBN.
The seven-man panel headed by Justice Inyang Okoro, ordered an amendment of the Originating Summons.
The court noted it would consolidate all the cases, though it declined to extend the ex-parte order that barred FG from implementing the new monetary policy that was introduced by the Central Bank of Nigeria, CBN.
The court also warned the parties that having submitted the matter for adjudication, they are not to take any action that would affect the subject matter of the litigation
Kogi State Governor, Yahaya Bello and Kaduna state’s Governor Nasir El-Rufai, were present in court for the proceedings.
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