Governors Sue Nigeria Over Naira Redesign as Cash Vanishes
- Three ruling party governors ask court to suspend plan
- Nigerians waiting in long queues to withdraw cash at banks
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Nigeria’s demonetization plan is causing a schism within the ruling All Progressives Congress.
Three state governors — from Kaduna, Kogi and Zamfara in the north of the country — all belonging to the ruling party sued the federal government, seeking the suspension of the central bank’s plan that has caused a cash crisis and disrupted transactions in Africa’s largest economy.