The Supreme Court will today (Wednesday) resumes hearing on the old naira notes deadline suit between some State Governments and the Federal Government.
The Apex Court had on February 8 restrained the Federal Government from implementing the February 10 deadline for swapping the old naira notes with new ones, but the Central Bank of Nigeria refused to shift the deadline.
The injunction was sequel to a suit filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on February 3.
Lagos, Ondo, Ekiti and other states including Kano, Sokoto, Ogun and Cross River have also joined the suit as co-plaintiffs.
The crisis between the governors and the federal government over the naira redesign initiative worsened last Thursday when President Muhammadu Buhari in his nationwide broadcast ignored the apex court order by extending the validity of the old N200 notes while insisting that the old N500 and N1,000 remained illegal.
On Sunday, the All Progressives Congress National Chairman, Senator Abdullahi Adamu and the National Working Committee of the party met with 12 APC governors and in a communique after the meeting admonished the CBN and the Attorney-General of the Federation, Abubakar Malami, SAN, to comply with the order of the apex court.
No fewer than 15 persons have died in protests provoked by the shortage of new naira notes across the country.
