The Kano State Government had on Thursday, February 9 evening, filed a lawsuit against the Federal Government at the Supreme Court because of the naira redesign policy of the CBN.
In suit number: SC/CS/200/2023, the Kano State Attorney General, through his legal counsel, Sunusi Musa, SAN, is urging the apex court to announce that President Buhari cannot unilaterally order the CBN to recall the now-old N200, N500, and N1,000 banknotes without recourse to the Federal Executive Council, FEC and National Economic Council, NEC respectively.
The Kano government is seeking a compulsory order for the reversal of the Federal Government policy to recall the N200, N500, and N1,000 old naira notes from circulation due to the policy affecting the economic well-being of more than 20 million Kano state residents.
In the originating summon, the Kano State Government, further asked for a declaration, that the president’s directive to the CBN is tagged unconstitutional, illegal null, and void.
