Politics

Ogun joins in Supreme Court suit against FG's naira redesign

As the Central Bank of Nigeria, CBN, insists on implementing the ban on new naira notes, the Ogun State Government has joined in the suit against the federal government.

Ogun is the latest state to join Kaduna, Kogi, Zamfara and Ondo states in filing application at the Supreme Court against the government.

The state in a motion of notice filed by its counsel, Afe Babalola and Co, sought to be joined as 4th plaintiff/applicant, in a suit number SC/CV/162/2023.

The applicant in the notice further stated that it sought to be a co-plaintiff for the just and effective determination in the suit instituted by the other three plaintiffs.

The plaintiff also notified the Supreme Court that it shall rely on all the processes already filed in this action in addition to the affidavit in support of the application.

Listing 13 grounds upon which the application was predicated, the plaintiff submitted among others, that the implementation of the Federal Government-sanctioned policy has thus far negatively affected the citizens all over the federation which includes Ogun State, and left several residents of the state stranded, cash strapped and frustrated leading to riots, grievous interruption of commercial activities, and a gradual economic downturn in the state.

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