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Four States Join Legal Battle Over Naira Crisis
The legal opposition against the Central Bank of Nigeria’s currency redesign policy has grown as more states join the battle against the Federal Government.
The Attorneys-General of Ekiti, Bayelsa, Sokoto, and Rivers have announced that their states will be joining the suit as co-plaintiffs, which was initially filed by the governments of Kaduna, Kogi, and Zamfara.
The growing number of states opposing the policy are rallying against the February 10th deadline for the currency swap, citing that it is causing undue hardship for their citizens.
Kano and Ondo have now joined the original three states, who filed the suit under number SC/CV/162/2023, at the Supreme Court.
This is as the Nigerian Governors Forum warned on Sunday that the crisis occasioned by the CBN policy might cause another economic recession in the country.
As a result of the legal action taken by the three northern states of Kaduna, Kogi, and Zamfara, the Supreme Court granted an ex parte order last Wednesday, prohibiting the Federal Government and CBN from enforcing the February 10th deadline for exchanging the old N1000, N500, and N200 notes.
However, the Federal Government has since taken steps to have this order vacated.
Ekiti, represented by its Attorney-General and Commissioner for Justice, Mr. Dayo Apata, SAN, filed an application on Friday seeking three specific remedies. The details of these remedies were made available to newsmen on Sunday.
The state government is seeking “leave of this honourable court (Supreme Court) to join the applicant as a co-plaintiff in this suit; an order of this court joining Attorney-General of Ekiti State as a co-plaintiff in this suit; and for such order or further orders that this honourable court may deem fit to make in this circumstance of this suit.”
The application made by Ekiti, through Mr. Dayo Apata, was based on a number of grounds, including “the acute shortage in the supply of naira notes in Ekiti State since the announcement of the policy by the Federal Government through the CBN.”
The state government also averred that “the directive of the Federal Government of Nigeria had affected the livelihood and had inflicted excruciating pain and hardship on all Nigerians, including citizens of Ekiti State.”
Additionally, the application argued that the directive issued by the Federal Government has had a negative impact on the revenue, levies, and taxes owed to the Ekiti State Government, as economic activity in the state has come to a complete standstill.
“Ekiti is a federating state of Nigeria and therefore has an interest in the determination of the originating summons in the suit earlier filed by the three states in the federation, having a common interest as other plaintiffs and also in the outcome of the suit, sought the leave of the court to be joined as a co-plaintiff in order to be bound by the outcome of the suit.” He said.
On Sunday, newsmen received confirmation from the Bayelsa State Government that it too would be filing a request to join the suit. The state’s Attorney-General and Commissioner for Justice, Biriyai Dambo, confirmed this in a brief response to an inquiry from a correspondent.
He said, “Yes, Bayelsa will join in the subsisting suit at the Supreme Court.”
Furthermore, there are strong indications that the Sokoto State government may also join the legal opposition against the deadline for the old naira notes.
When speaking with the correspondent, the Sokoto State Attorney-General and Commissioner for Justice, Usman Sulaiman, stated that the state may join the suit based on the resolutions made at the Nigerian Governors Forum. The commissioner added that he has already communicated his recommendation to the state governor, Aminu Tambuwal.
“There is a possibility of Sokoto State joining the suit based on the resolutions of the Nigerian Governors Forum. I have written to the governor on the next step and presently awaiting his response which will determine what to do from our end,” he disclosed.
The Rivers State Attorney-General and Commissioner for Justice, Prof. Zacchaeus Adangor, declined to provide a specific timeline but stated, “I will not give you a timeline, but when we file it, you will know.” However, the state governor, Nyesom Wike, had previously announced that the state would be joining the suit.
Regarding the interim injunction issued by the Supreme Court, Governor Wike stated that the intervention was timely as some forces were attempting to disrupt the democratic process.
He made these comments at the County State School in Emilaghan, Central Abua, during the campaign rally flag-off for the Rivers State People’s Democratic Party in the Abua/Odual Local Government Area on Wednesday.
The Lagos State Government has also expressed his readiness to join the legal battle as it is a matter of true federalism.
This was confirmed by the Commissioner for Information, Gbenga Omotosho, in response to inquiries from newsmen on Sunday.
“The Lagos State Government will likely join in the suit because it is about true federalism; it is about equity and justice. It is about everything that we cherished. It is about values. So we may likely join.”
Omotosho also said the state governor, Babajide Sanwo-Olu won’t hesitate to order the arrest of persons rejecting the old naira notes.
Leading economists, financial experts and industry stakeholders have described the Dangote Group’s investments as major drivers of industrialisation and economic transformation across Nigeria and Africa.
The experts cited the Group’s impact on job creation, import substitution, foreign exchange conservation and economic competitiveness.
They voiced their thoughts at the Lagos Economic Summit themed “The Real Deal: Africa’s Greatest Investment Opportunity,” where they urged governments to implement policies that strengthen local industries and accelerate economic diversification.
President and Chief Executive Officer of the Africa Finance Corporation (AFC), Samaila Zubairu, commended the Dangote Group’s sustained investments across Africa, describing them as critical to unlocking the continent’s economic potential.
He noted that while recent economic reforms have improved foreign exchange stability, strengthened reserves and eased inflationary pressures, the focus must now shift to growth in industry, productivity and employment.
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Also speaking, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, said industrialisation remains the most effective path to sustainable economic development.
He called for better alignment of trade and industrial policies, stressing that local manufacturers require strategic support to compete effectively and drive broader economic benefits.
Founder and CEO of Nairametrics, Ugodre Obi-Chukwu, said Africa’s growing population presents a significant industrial opportunity, noting that investments such as the Dangote Refinery are helping to retain capital within the continent while strengthening local production capacity.
In his keynote address, Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, said Nigeria is gradually transitioning from a consumption-led economy to one driven by investment and production.
He added that sustained investments in productive sectors will continue to stimulate growth, create jobs and improve living standards.
Participants at the summit also advocated stronger credit infrastructure, improved national identification systems and increased investment in skills development to enhance the productivity and global competitiveness of Africa’s growing youth population.
Photo Caption: From Left – Chief Economist, Dangote Industries Limited, Dr. Hassan Mahmud; Lady Maiden Alex-Ibru; Chairman of Occasion/Special Guest of Honour, Samaila Zubairu; Key Note Speaker Session 1, Bismarck Rewane; during the Real Deal: Africa’s Greatest Investment Opportunity, Sponsored by Dangote Industry Limited in Lagos on Thursday 3, September 2026.
Social media critic Martins Vincent Otse, popularly known as VeryDarkMan (VDM), has released what he described as his first piece of evidence after the Nigeria Police Force challenged him to substantiate his allegations that some police officers allegedly collaborate with kidnappers.
VDM released a video on his Instagram handle on Thursday, August 27, 2026, shortly after the police invited him to provide evidence supporting the claims he made at the 66th Annual General Conference of the Nigerian Bar Association (NBA) in Port Harcourt.
SEE MORE: ‘Provide Evidence’ — Police React to VDM’s Explosive Kidnap Allegation
The activist captioned the video: “My evidence number 1.”
Recalled that VDM, who was a panellist at the NBA conference on Tuesday, had alleged that some police officers manning checkpoints along major highways provide kidnappers and bandits with information about travellers.
According to him, the officers allegedly relay details about the identities and movements of travellers to criminal groups, thereby facilitating abductions for ransom.
The allegation triggered a response from the Nigeria Police Force, which denied the claim and challenged VDM to substantiate his allegations.
The police invitation came as the force sought evidence to support the serious claims made by the social media critic.
In response, VDM released the video, describing it as his “evidence number 1”, signalling that he may provide further material to support his allegations.
The development has continued to attract attention, with the controversy placing renewed focus on allegations of possible collaboration between security personnel and criminal groups involved in kidnapping and banditry.
A former Permanent Secretary of the Federal Civil Service Commission, Goke Adeboroye, has questioned how an alleged fake presidential agency was able to gain access to government facilities, budgetary provisions and office space without being detected.
Adeboroye spoke on Channels Television’s Inside Sources following the discovery of the alleged Presidential Foreign Intervention Promotion Council by the Independent Corrupt Practices and Other Related Offences Commission.
SEE MORE: $1m Extortion Scheme: Fake EFCC Officials Arrested In Plot Against Former NPA MD
The ICPC had said the purported agency had no legal basis and operated with forged appointment letters and other official documents.
The commission also said its alleged Director-General, Adeniyi Matthew, was never appointed by the Federal Government.
The anti-corruption agency further disclosed that its investigation into the PFIPC led to the discovery of the National Brands Development and Made in Nigeria Special Project Office, which it alleged was operating within the Office of the Secretary to the Government of the Federation without proper authorisation.
Reacting to the development, Adeboroye described the situation as a major failure of the government’s bureaucratic system.
“The exposure of that fake presidential agency is a major lapse to say that somebody can actually come into the system, get in on the budget, get offices, and all of that,” he said.
The former permanent secretary identified weaknesses in the bureaucratic structures supporting key offices in the Presidency, including the Office of the Secretary to the Government of the Federation, the Office of the Chief of Staff to the President and the Office of the Head of the Civil Service.
According to him, the bureaucracy in these offices should be strong enough to support the President’s policies while also ensuring that fraudulent or unlawful directives do not gain effect.
“The bureaucracy in those offices are not strong enough to be able to help the President drive the vision at the speed and with the efficiency that he wants,” Adeboroye said.
He also stressed the importance of having professional and experienced civil servants who can scrutinise directives issued by political office holders.
Adeboroye said civil servants should be able to recognise suspicious communications purportedly coming from the Presidency because they are familiar with the official channels through which presidential approvals are transmitted.
“Whether the person brings fake or whatever, you as the civil servant should be trained to be able to detect what should be a genuine communication from the State House. You work in that system,” he said.
He explained that presidential approvals usually pass through established channels involving senior government officials.
“When the President approves anything, he always minutes to about three people. He goes to the Chief of Staff, he goes to SGF, and if he has something to do with civil service, the Head of Service will have it.”
Adeboroye recalled an incident from his time as Permanent Secretary in the Ministry of Interior involving a former governor who claimed to have presidential approval for a diplomatic passport.
He said the then Comptroller-General of the Nigeria Immigration Service, Ude, cross-checked the purported approval before taking action and subsequently sought clarification on whether the former governor, who was no longer in office, should receive the diplomatic passport.
“That’s somebody using the experience of the system to ensure that you are not outplayed,” he said.
The former permanent secretary said similar verification could have been carried out in the alleged fake agency case through a simple phone call to the relevant government offices.
“So we would have expected that on a simple phone call, when I was working in the office of Ekaite, Secretary of Government, I could pick a phone, call any minister, call this, it’s just a phone call from the office of whoever to say, Chief of Staff, is this true? And that would have actually corrected it,” he said.
Meanwhile, the controversy surrounding the National Brands Development and Made in Nigeria Special Project Office has continued.
The chairman of the project office, Musa Aliyu, had alleged that the office was allocated space within the OSGF premises without presidential authorisation.
However, the National Coordinator and Executive Director of the project office, George Nwabueze, denied the allegation, insisting that the office is a project office under the OSGF and has existed for 16 years.
Nwabueze also produced an appointment letter purportedly issued by the OSGF, conveying approval of his appointment as National Coordinator/Executive Director of the Made in Nigeria Project Office.
The conflicting claims have continued to raise questions about the authorisation and status of the project office and the alleged involvement of public officials in its operations.
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