The Kano State Government has filed a case against the Federal Government at the Supreme Court over the naira redesign by the Central Bank of Nigeria (CBN).
In the case filed on Thursday, the Kano State Attorney General, through his lawyer, Sunusi Musa, is arguing that President Muhammadu Buhari cannot direct the CBN to recall the old N200, N500, and N1,000 banknotes without first consulting the Federal Executive Council and the National Economic Council.
The Kano government is pursuing a court order to reverse the Federal Government’s policy of recollecting these banknotes, citing the adverse impact it would have on the economic well-being of over 20 million Kano citizens.