Malami asks Supreme Court to dismiss Naira redesign suit

Malami asks Supreme Court to dismiss Naira redesign suit

Abubakar Malami, Nigeria’s Minister of Justice and Attorney-General of the Federation (AGF), has asked the Nigerian Supreme Court to dismiss a suit filed by three states, Kaduna, Zamfara, and Kogi, over the scarcity of old and new Naira notes as a result of the Central Bank of Nigeria’s (CBN) naira redesign policy.

In court filings dated February 8, 2023, reported by Channels TV on Wednesday evening, Malami argued that the plaintiffs had also failed to establish a reasonable cause of action against the defendant.

The Supreme Court of Nigeria temporarily halted any plans to ban the use of old naira notes across the country after state governments said they sued for a restraining order from the Supreme Court to compel the government and CBN from implementing the policy as concerns grow about the effects of the CBN naira redesign policy on residents of their states.

The report stated that the preliminary objection was filed by the AGF through his lawyers – Mahmud Magaji and Tijanni Gazali, adding that the Supreme Court lacks jurisdiction for such monetary matters, he said:

  • “The plaintiffs have equally not shown the reasonable cause of action against the defendant”
  • “The claims or reliefs are not against the federation, but the Federal Government and its Agency, the Central Bank of Nigeria.
  • “The Federal Government of Nigeria is distinct from the Federation or the Federal Republic of Nigeria. The Plaintiffs have no grievance whatsoever against the Federation of Nigeria.
  • “This suit has disclosed no dispute that invokes this (Supreme) Court’s original jurisdiction as constitutionally defined.”

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