The Attorney-General of the Federation, Abubakar Malami, has asked the Supreme Court to dismiss a suit filed by three northern state governments challenging the February 10 deadline set by the Central Bank of Nigeria to end the legal tender status of the old naira notes.
The Federal Government argued that the Supreme Court lacked jurisdiction to entertain the suit in a preliminary objection filed by the AGF through his lawyers, Mahmud Magaji and Tijanni Gazali.
Consequently, the Federal Government is asking the apex court to strike out the suit for lack of jurisdiction.
In court filings dated February 8, 2023, the AGF contends that “the plaintiffs have equally not shown reasonable cause of action against the defendant.”
On February 3, the state governments of Kaduna, Kogi and Zamfara, had sued the Federal Government over the naira redesign policy of the CBN.
The states urged the Supreme Court to compel President Muhammadu Buhari, the CBN and commercial banks to rescind the February 10 deadline for the old N200, N500 and N1,000 banknotes as Nigeria’s legal tender.
Details later…
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