Nigerians To Know Fate, March 3 On Naira Notes Swap



Except for any last-minute change, the Supreme Court of Nigeria will on March 3, 2023, deliver judgment in the suit filed by some state governments against the Federal Government of Nigeria, FGN, on the controversial Naira re-design policy.


Justice John Inyang Okoro-led Supreme Court arrived at the date after entertaining arguments for and against the suit by some states of the federation.


It would be recalled that the state governments had two weeks ago dragged the Attorney General of the Federation, AGF, to court over the February 10, 2023 deadline set by the FGN for the swap from old to new Naira notes.


The states led by Kaduna, Kogi and Zamfara are praying for the apex court to void and set aside the policy on the ground that it is inflicting hardships on innocent Nigerians.


The states particularly accused President Muhammadu Buhari of usurping the function of the Central Bank of Nigeria, CBN, and asked that the directive issued by the President be voided.


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