Kano state sues FG over naira redesign, sights constitutional faults

Kano, a northwest state in Nigeria has dragged the federal government before the supreme court over the Central Bank of Nigeria’s (CBN) naira redesign policy.

The state attorney general through his counsel, Sanusi Musa, prayed to the apex court to declare that President Muhammadu Buhari cannot singlehandedly direct the CBN to recall old N200, N500 and N1000 notes in a suit SC/CS/200/2023, The Punch reported.

In the suit, the state is asking the court to declare that the President needed to consult with the Federal Executive Council and National Economic Council before taking such action.

According to the case file, the state wanted the court to issue a mandatory order for the federal government to reverse the policy to recall the N200, N500 and N1,000 notes from circulation.

It argued that the policy is badly affecting the economy and the well-being of over 20 million people of Kano state.

Kano state also wanted the supreme court to compel the federal government to reverse the naira redesign policy, alleging that the policy failed to comply with the 1999 constitution as amended.

Source: Legit.ng

Check JAMB Result

Check and Confirm: How much is Dollar to Naira
Pounds to Naira Rate Today

👍 Advertise your business on THETALK.NG!

From just N4,999 per month, you can advertise your products and services to over 1,500,000 users on our website. Click here to read more.


Information is Power!

Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.


Click Here to Join our Google Group

For Latest updates on News, Jobs & Business Ideas, and Opportunities.

Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us for immediate removal.

🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

Leave a Reply

Jasper Chinedu
Jasper Chinedu (Sparobanks) is a Computer Program with over 5 years experience. He holds a Higher National Deploma in Computer Science from the Federal Polytechnic Nekede, Owerri. He has built lots of Mobile APPS, Website of all kind, including this Website. Jasper is a Chief Editor and Webmaster at THETALK.NG. Email: [email protected]