Naira Redesign: Ogun State Govt Joins Suit Against FG At Supreme Court

Dapo-Abiodun.-
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The Ogun State government has joined the Supreme Court lawsuit challenging the redesign of the naira notes.

Just 48 hours after Ekiti requested to be included as a co-plaintiff in the case before the supreme court, Ogun State made its decision.

On Wednesday, the Supreme Court will make a decision about a lawsuit brought by the governments of Kaduna, Kogi, and Zamfara States contesting the redesign of the naira notes and the deadline for the currency swap.

The court had last week restrained the Federal Government and the Central Bank of Nigeria (CBN) from enforcing the February 10 deadline for the withdrawal of old naira notes from circulation pending the determination of the suit by the state governments.

Kano, Niger, and Ondo are the other states in the suit.

In a Motion of Notice dated February 13 and filed by its counsel, Afe Babalola and Co, the Ogun State government is challenging the validity of the deadline for the old N200, N500, and N1000 notes.

The government insisted that the implementation of the policy far affected Nigerians negatively and left several residents of the state stranded, cash-strapped, and frustrated.

The development, according to the plaintiff, led to riots, disruption of commercial activities, and a gradual economic downturn in the state.

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