Nigerians are bewildered by the judgement of the Supreme Court concerning the old Naira notes.
The old Naira notes saga took another dimension on Friday, March 3rd, 2023 as the Supreme Court nullified the ban on use of the old N200, N500 and N1000 banknotes as legal tenders.
The apex court, in a unanimous decision by a seven-member panel of Justices, held that the old banknotes should remain valid legal tenders until December 31, 2023.
The court held that the old Naira notes should be used alongside the redesigned currencies.
It faulted President Muhammadu Buhari for introducing the demonization policy, without due consultation with the Council of States, the Federal Executive Council, the Civil Society and other relevant stakeholders.
The judgement was delivered by Justice Emmanuel Agim. The apex court accused Buhari of disobeying its interim order that halted the full implementation of the new monetary policy.
However, many Nigerians are left with utmost confusion as they do no longer know who to believe. Some are saying that until President Muhammadu Buhari releases a statement to that effect that is when they will believe.
