The supreme court says it will deliver judgment in the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN) on March 3.
Recall that states filed a suit to set aside the decision of the Federal Government to ban the use of old N200, N500, and N1000 banknotes as valid legal tender.
A seven-man panel of the apex court okayed the matter for judgement after all the parties adopted their briefs of arguments on Wednesday.
It will be recalled that, though only three northern states—Kaduna, Kogi, and Zamfara—initially approached the Supreme Court to challenge the FG’s decision, other states subsequently persuaded the Justice Inyang Okoro-led panel to join them as interested parties in the matter.
The states the court joined as parties in the suit were: Lagos, Cross River, Ogun, Ekiti, Ondo, Sokoto, Abia, Jigawa, Kano, Rivers, and President Muhammadu Buhari’s homestate, Katsina.
All the suits the apex court consolidated and heard on Wednesday were marked: SC/CV/162/23, SC/CV/162/23, SC/CS/197/23, SC/CV/200/23, SC/CV/210, SC/CV/227, SC/CV/229/23, and SC/CV/222/23.
