February 12, (THEWILL) – The Niger State Government has filed a suit against the Federal Government over the naira redesign policy of the Central Bank of Nigeria (CBN).
The Government, in a statement by its Attorney General and Commissioner for Justice, Nasara Danmallam, said the suit was filed on February 10, at the Supreme Court.
Numbered SC/CV/210/2023, the suit is seeking for an extension of the time frame given by the CBN for the currency swap and withdrawal from circulation of old N200, N500 and N1000 amongst other reliefs.
The statement said the three months given by the Federal government for the withdrawal of old currency across the country was not reasonable and in violation of section 13, 14 (2) (b), 17 (1) (c) of the 1999 Constitution as amended.
In an affidavit in support of the originating summons, the Niger Government contended that the unavailability of the new redesigned notes had caused untold hardships and sufferings on the inhabitants of the state, especially those in rural areas across the state.
The state government expressed concerns about the inconveniences the CBN cash policy had brought on the people, adding that it would continue everything within its constitutional limit to ameliorate their sufferings.
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