President Muhammadu Buhari’s naira reform policy has pitted him against his relatives, with three northern states dragging him to the Supreme Court.
According to Channels Television, the Arewa states, which include Kaduna, Kogi, and Zamfara, expressed concern about the effects of the Central Bank of Nigeria’s naira redesign policy and asked the Supreme Court for a restraining order on the policy’s full implementation.
In an ex-parte motion filed through their lawyer, AbdulHakeem Uthman Mustapha (SAN), the states asked the court for an interim injunction to prevent the Buhari-led federal government from carrying out the plan, either directly or through the CBN, commercial banks, or its agents.
As a result, the three northern states have asked the court to prevent the government from implementing the February 10 deadline for the old N200, N500, and N1000 denominations to cease being legal tender.
The governors of the All Progressives Congress (APC) met with President Muhammadu Buhari on Friday, February 3, to persuade him to suspend the new monetary policy.
According to El-Rufai, the governor of Kaduna state, the President promised to take action as soon as possible.
Buhari later urged Nigerians to be patient with him and endure the pain for another seven days in a statement.