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The Supreme Court on Wednesday adjourned hearing in a suit filed by Kaduna, Kogi and Zamfara states against the federal government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria (CBN) until Feb. 22.
The Kaduna State Governor, Nasir El-Rufai, and his Kogi State counterpart, Yahaya Bello, have arrived at the Supreme Court to monitor proceedings in a suit by their states against the Nigerian government on the cashless policy regime. The two governors arrived in the courtroom around 8:30 am in company of their followers and top government functionaries. The Nigerian government is expected to go to court with three states to challenge the Central Bank of Nigeria's implementation of the Cashless Policy Regime.
The Director of Media and Publicity, Tinubu/Shettima Campaign, Bayo Onanuga has attacked the Attorney-General of the Federation and Minister of Justice (AGF), Abubakar Malami over his position on the Supreme Court ruling on the naira redesign. SaharaReporters earlier reported that Malami, a Senior Advocate of Nigeria (SAN), asked the Supreme Court to dismiss a suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN).
Guests at a recent induction party organised by the Association of Professional Party Organisers and Event Managers of Nigeria (APPOEMMN) abandoned Naira notes and opted for the special money printed by the event organisers. In a viral video seen by SaharaReporters, the party attendees sprayed the performing singer Segun Johnson with the special notes made for the event. An Instagram user, Isaac Fayose who shared the video, disclosed that the event planners generated their own money which was bought via bank transfers of naira notes.
The Nigerian government has stated that it will obey the Supreme Court's decision to suspend the Central Bank of Nigeria's (CBN) February 10 deadline for the exchange of naira notes. Abubakar Malami, Attorney General of the Federation and Minister of Justice, confirmed this in an interview on Arise TV on Thursday. Malami, however, noted that the government was hopeful that the ex parte ruling which expires on Wednesday, February 15, 2023, would be upturned.