TheCable

Five more states have joined the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN).

They are Kano, Niger, Jigawa, Nasarawa, and Abia states.

Rivers state had joined when all the suits were consolidated earlier on Wednesday.  Given the new additions, there are now a total of 16 states as co-plaintiffs.

The suit was initiated by Kaduna, Kogi, and Zamfara before the supreme court, seeking to restrain the federal government from giving effect to the deadline on the use of old  N200, N500, and N1,000 notes.

On February 8, the supreme court restrained the CBN from giving effect to the deadline following an ex parte application brought by the three states.

Subsequently, several states approached the apex court to be joined in the suit.

Ondo, Ekiti, Katsina, Ogun, Cross River, Lagos, and Sokoto states were among the first batch to be joined as co-plaintiffs, while Edo and Bayelsa states joined the attorney-general of the federation (AGF) as defendants.

After hearing the arguments made by representatives of the states, the seven-member panel of the supreme court adjourned the matter till March 3 for judgment.