Ekiti Govt Sues FG Over New Naira Redesign Policy

The Ekiti State Government has applied to be joined as a Co-Plaintiff in a suit against the Federal Government at the Supreme Court of Nigeria on the Naira Redesign policy and the deadline issued by the Central Bank of Nigeria (CBN) for the swap of old notes for new ones.

The Application for Joinder was filed on Friday at the Supreme Court by the Ekiti State Attorney General and Commissioner for Justice, Mr. Dayo Apata, SAN.

The suit has Attorneys General of Kaduna, Kogi and Zamfara States as Plaintiffs while the Attorney General of the Federation is the Defendant.

Ekiti State Government said that the directive of the Federal Government has affected the livelihood and has inflicted pains and hardship on all Nigerians, including citizens of Ekiti State.

It alleged that the steps taken by the central government affected the revenue, levies and taxes accruable to the coffers of Ekiti State Government as economic activities in the State are now completely paralyzed.

According to the state government, the directive on the Naira redesign has also created anxiety among the citizens.