The court, therefore, ordered that old N200, N500, and
N1,000 notes remain in circulation till December 31, 2023.
The Supreme Court delivered judgment in the suit brought
against the Federal Government on the naira redesign policy.
Sixteen states of the Federation instituted the suit to
challenge the legality or otherwise of the introduction of the policy.
The suit initially instituted by Kaduna, Kogi, and Zamfara
states has been slated as the first case on the cause list for final verdict.
Justice John Inyang Okoro who led a seven-man panel of
Justices of the Court had on February 22 fixed today for the court to make its
decision known on the suit.
The 16 states led by Kaduna, Kogi and Zamfara are praying
the apex court to void and set aside the policy on the ground that it is
inflicting hardships on innocent Nigerians.
They accused President Muhammadu Buhari of usurping the
function of the Central Bank of Nigeria (CBN) in the introduction and
implementation of the policy and asked that the directive issued by Buhari be
voided.
On its part, the Federal Government challenged the
jurisdiction of the Apex Court on the grounds that the CBN was not joined as a
party and that the dispute on the policy ought to be directed at the CBN so
that the suit can be referred to the Federal High Court.
Governor Nasir El-Rufai of Kaduna State and his Kogi State
counterpart, Yahaya Bello were in court to witness the judgement on Friday.
The two governors were also in court at the last hearing.
Also, Zamfara State Governor, Bello Matawalle was in court on Friday.
.jpeg)
0 comments:
Post a Comment