Thu. Sep 19th, 2024

New Naira: Another Set of APC Governors, Ganduje, Akeredolu Drag Buhari, CBN To Court Over Cash Scarcity

By Sunday Elijah

In continuation of the saga arising from the redesign of the Naira notes, Governor Abdullahi Umar Ganduje of Kano State, and Governor Rotimi Akeredolu of Ondo State, have sued President Muhammadu Buhari and the Central Bank of Nigeria, CBN, to court over naira scarcity in Nigeria.

The duo filed separate suits before the Supreme Court of Nigeria in Abuja in response to the new CBN policies.

Ondo State Government is seeking a Supreme Court order to stop the implementation of the directive issued by the Federal Government through the CBN on the limitation of daily cash withdrawals from banks.

The development has adversely affected economic and commercial activities in the states and across the country.

The Kano state government, however, is praying a mandatory order seeking a reversal of the Federal Government policy to recall the N200, N500, and N1,000 notes from circulation due to the policy affecting the economic well-being of over 20 million Kano citizens.

The applicant is also seeking for mandatory order, compelling the Federal Government to reverse the naira redesign policy for alleged failure to comply with the 1999 Constitution (as amended).

Ganduje and Akeredolu are of the same party as the president, All Progressives Congress, APC.

Earlier, in respect to an ex-parte application by three applicants; the governors of Kaduna, Kogi, and Zamfara, the Supreme Court had given an interim order to the CBN not to end the use of old naira notes on February 10, 2023.

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