Breaking: Naira Redesign: El-Rufai, Yahaya Bello Storm Supreme Court

Kaduna State Governor, Ahmad Nasir El-Rufai and his Kogi State counterpart, Yahaya Bello have stormed the Supreme Court to monitor proceedings in a suit by their states against the Federal Government on Cashless Policy Regime.

The Nextedition reports that the apex court is set to deliver a ruling on a controversial cash policy introduced by the Central Bank of Nigeria (CBN).

The state governments of Kaduna, Kogi, and Zamfara had, on February 3rd, dragged the Federal Government to the Supreme Court over the naira redesign policy of the CBN.

The two governors reportedly arrived the court room around 8:30a.m in company of their followers and top government functionaries.

The Federal Government is expected to lock horn in legal battle with three states challenging the implementation of the Cashless Policy Regime introduced by the Central Bank of Nigeria.

At the time of this report, more than 100 Senior Advocates engaged by the Federal Government and the aggrieved three states have also arrived the court to present the case of their respective clients.

A seven-member panel led by Justice John Okoro, had on February 8 halted the move of the Federal Government in a ruling in an ex-parte application brought by three northern states of Kaduna, Kogi and Zamfara.

Details later…