Kaduna, Zamfara, and Kogi State have dragged the Federal Government to Supreme Court over the scarcity of old and new Naira notes due to the Central Bank of Nigeria (CBN)’s naira redesign policy. The state governments said they are worried by the effects the CBN naira redesign policy is having on the residents of their […]
Kaduna, Zamfara, and Kogi State have dragged the Federal Government to Supreme Court over the scarcity of old and new Naira notes due to the Central Bank of Nigeria ’s naira redesign policy.
“Unless this Honourable Court intervenes, the Government and people of Kaduna, Kogi and Zamfara State will continue to go through a lot of hardship and would ultimately suffer great loss as a result of the insufficient and unreasonable time within which the Federal Government is embarking on the ongoing currency redesign policy,” Mustapha said.
“That the majority of the indigenes of the Plaintiffs’ states who reside in the rural areas have been unable to exchange or deposit their old naira notes as there are no banks in the rural areas where the majority of the population of the states reside.
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