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VEO News > Blog > News > Cash Crunch: Another Northern State drags FG to Supreme Court
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Cash Crunch: Another Northern State drags FG to Supreme Court

Ayo Ayedun
Last updated: 2023/02/11 at 1:45 PM
Ayo Ayedun Published February 11, 2023
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Niger State Government has revealed that it had filed a lawsuit against the Federal Government of Nigeria over the naira redesign policy of the Central Bank of Nigeria (CBN) at the Supreme Court.

This was disclosed in a statement by the State’s Attorney General and Commissioner for Justice, Justice Nasara Danmallam, in Minna on Saturday.

According to Danmallam, the case with was filed on Friday, with the Niger State Government as the plaintiff.

This is coming less than a week after three Northern States, Kaduna, Kogi, and Zamfara governments had filed a lawsuit against the Federal Government on the same issue.

The statement said that the Niger State government was seeking an extension of the timeframe given by the CBN for the currency swap and withdrawal from circulation of old N200, N500 and N1,000, amongst other reliefs.

It added that the three months given by the Federal government for the withdrawal of old currency nationwide was not reasonable and was in violation of sections 13, 14 (2) (b), 17 (1) (c) of the 1999 Constitution as amended.

In the affidavit in support of the originating summons, filed at the Supreme Court, the Niger Government contended that the unavailability of the newly redesigned notes had caused untold hardships and sufferings on the inhabitants of the State, especially rural dwellers across the State.

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