The legal fireworks between the three northern States controlled by the All Progressives Congress, APC, (Zamfara, Kaduna and Kogi) and the federal government over the controversies surrounding the Naira redesign policy by the Central Bank of Nigeria, CBN, will resume today, Wednesday, at the Supreme Court.
The Apex Court will hear the merit of the main application brought by the applicant (Zamfara, Kaduna and Kogi) and decide whether to vacate the interlocutory injunction it had earlier granted against the CBN.
Signature TV correspondent reports that lawyers are already seated in the court room waiting for the commencement of the case.
The Naira redesign policy of the CBN assumed another dimension when the Supreme Court last week granted an interim order restraining the apex bank not to end the use of old naira notes on February 10.
A seven-member panel of the court, led by Justice John Okoro, gave the order of interim injunction amidst an obvious scarcity of the newly redesigned N200, N500, and N1,000 currency notes.
Details later…