The Supreme Court today resumed hearing on the naira redesign suit insisting that the dispute over naira redesign and swap policy must be decided today.
The apex court has barred new parties from joining the suit against the Federal Government. The seven-man panel led by Justice Inyang Okoro has stated that any new party wishing to join the suit would not be allowed. He also added that new parties are to abide by the outcome of the existing suit or file a new one after the determination of the present suit but that the existing suit must be determined today.
“You may file a fresh suit after this suit,” Justice Amina Augie said in response to an application by the Attorney General of Abia State seeking to join the suit as a separate suit similar to the one earlier brought by Rivers State Government through its counsel Emmanuel Ukala (SAN).
After announcing 11 states consolidated as co-plaintiffs, alongside Kaduna, Kogi and Zamfara states, the panel then began to hear the existing matter.
Earlier in the month, the Supreme Court restrained the Federal Government from enforcing the February 10 deadline for the replacement of old naira notes with new ones. However, the Central Bank of Nigeria refused to extend the deadline.
Bayelsa and Edo states remain co-defendant states on the side of the federal government.
Meanwhile, Supreme Court panel has risen to allow counsel to allow exchange of fresh applications by counsel
Justice Inyang Okoro said the move is to allow the exchange of fresh applications by lawyers.
He insisted that the matter must be heard today.