Kano State Government wants a mandatory order reversing the policy of the Buhari administration on the recall of the old currency notes.
Kano State Government has filed a suit against the Federal Government at the Supreme Court over the Central Bank of Nigeria‘s redesign of N200, N500, and N1,000.
The government filed the suit SC/CS/200/2023 on Thursday evening through a counsel in the Attorney General’s office, Sunusi Musa (SAN), according to PUNCH.
The state wants the apex court to declare that President Muhammadu Buhari cannot unilaterally direct the CBN to recall the old N200, N500 and N1,000 banknotes without recourse to the Federal Executive Council and National Economic Council, respectively.
The Kano government is praying a mandatory order seeking a reversal of the Buhari administration’s policy to recall 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 1999 Constitution (as amended).
The applicant is similarly praying for mandatory seeking the apex court to compel the Federal Government to reverse the cash swap policy for allegedly not complying with the 1999 constitution and other extant legislation.
“A Declaration that the combined reading of the provisions of the section 148(2) of 1999 constitution and Part 1, and Paragraph 19 of the Third Schedule thereof, the President cannot unilaterally without recourse to the Federal Executive Council and National Economic Council respectively give approval to the Central Bank of Nigeria for the implementation of cash withdrawal limit pursuant to the demonetization economic policy of the Federal Government of Nigeria,” the suit read.
In the originating summon, the Kano State Government further prayed for a declaration that the president’s directive to the CBN for the implementation of cash withdrawal limits policy pursuant to the demonetisation of Federal Republic of Nigeria without recourse to FEC and NEC respectively is unconstitutional, illegal null and void.
Kano State Government is also praying for a mandatory order reversing the policy of the Buhari administration on the recall of the old currency notes for allegedly failure to comply with the provisions of Constituiton and other extant legislation.
On Wednesday, the Supreme Court ordered the CBN to stay action on the February 10 deadline for the collection of old naira notes in an ex parte application by three applicant states including Kaduna, Kogi and Zamfara.