The Supreme Court will Friday deliver its judgement on the propriety of the federal government’s naira redesign policy. The policy has caused banknotes scarcity with the associated hardship it brought to millions of citizens. announced last year the redesign of 200, 500 and 1,000 naira notes, and plans to end the use of the old notes by 31 January 2023.
Five days later, the court issued an interim order suspending the implementation of the deadline set by the federal government, directed that the old and new notes should continue to circulate pending the resolution of the case. The number of plaintiffs rose to 16 after six new states were added to the three initial plaintiffs during the hearing of the case on 22 February, three days to the national elections held on 25 February.
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