The Plaintiffs have no reasonable cause of action against the Defendant”, Malami argued.

The Plaintiffs however urged the apex court not to exercise any favourable discretion to FG which they argued acted in contempt of a subsisting order of the court.

Lagos told the court that its case was different, lamenting that the new monetary policy by the CBN constrained it from carrying out its statutory functions as a state.

It will be recalled that the court had earlier joined seven states- Lagos, Cross River, Ogun, Ekiti, Ondo, Sokoto and President Buhari’s homestate, Katsina, as parties to the suit that was originally filed by three northern states- Kaduna, Kogi and Zamfara

Though only the AGF was initially cited as the sole defendant in the matter, the apex court okayed requests by Edo and Bayelsa states to be allowed to join the suit to support FG as co-Plaintiffs.

On the other hand, Rivers, Kano, Jigawa and Nasarawa states had maintained that their own case was different, stressing that their grouse was not only with the Naira swap policy, but also with the cash withdrawal limits the CBN allowed for corporate entities and individuals, respectively.

While consolidating all the cases, the Supreme Court noted that the issue in dispute resolves around Section 20(3) of the CBN Act.

It held that there was no need for more states to apply for permission to join the legal fireworks.

The apex court held that other interested states should abide by its decision in the matter.

https://www.vanguardngr.com/2023/02/naira-dispute-we-wont-be-your-scapegoat-s-court-tells-fg-states/