Naira Redesign: We’re Waiting For Supreme Court Judgement, Kogi Govt Insists

In an interview with TVC on Thursday, Kogi Commissioner of Information, Kingsley Fanwo said they are reviewing the situation.

Kogi State Government has said it is waiting for the Supreme Court to make its ruling on the suit it filed alongside its counterparts, Zamfara and Kaduna.

The states filed the suit against the Federal Government and the Central Bank of Nigeria (CBN) on the cashless policy.

However, President Muhammadu Buhari on Thursday directed the CBN to allow only the old N200 to remain legal tender until April 10, 2023, in order to improve currency circulation in the country and ease pains experienced by Nigerians due to the challenges posed by the policy.

“I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from Feb. 10, 2023 to April 10 2023,” Buhari was quoted as saying.

But reacting, in an interview with TVC on Thursday, Kogi Commissioner of Information, Kingsley Fanwo said they are reviewing the situation.

“We all listened to what Mr President has said today. We are reviewing the situation. There are no clear lines of action right now. As we are also aware the case is before the Supreme Court and they will resume hearing February 22nd.

 

“We are very confident that the Supreme Court will go ahead with the case and whatever decision they arrived at, we are confident that we have a President that trolls the line of constitutionalism and believes in the rule of law.”