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Naira Redesign: Supreme Court’s judgment is a victory for Nigerians — Gov. El-Rufai

The Governor of Kaduna State, Mallam Nasir El-Rufai has described the ruling of the Supreme Court on old naira notes as a win for the people of Nigeria.

The Informant247 earlier reported that the apex court ruled that the old N200, N500 and N1,000 notes should remain legal tender till December 31, 2023.

The apex court also condemned the naira redesign policy, and described it as an affront to the 1999 Constitution.

The apex court admitted that the cashless policy has made people adopt trade by barter in this new age in an attempt to survive.

The court described the disobedience of the president to the February 8 order of the court as a sign of dictatorship.

El-Rufai on Friday, March 3, 2023 reaffirmed that the cashless policy was put in place to make the ruling party lose the elections.

“A full court of seven justices gave a unanimous judgement 7-0 that all our prayers to the court have been accepted. This is a victory for Nigerians,” el-Rufai said.

“But this policy which was designed and targeted at a political party and its candidates has brought hardship on our people, this is why the three of us took the decision to come to the supreme court.

“We are APC members, the president of Nigeria is from the APC, but we disagreed with him on this policy and its implementation and when we tried everything to settle this behind closed doors, we had no option but to come to the supreme court.

“We are very grateful to the court for this unanimous decision and the orders it has given to the Federal Government of Nigeria to ensure that from today to the 31st of December 2023, the old naira notes of all denominations shall continue to circulate with the new naira notes. That is the major decision of the supreme court.

“The other decision of the supreme court is that the policy of currency confiscation where you deposit money in the bank and the bank chooses what to give you is unlawful and illegal.

“Nigerians can go to the bank and collect whatever they have deposited and get on with their lives.

“Those that said we went to the court because of elections are wrong. We went to court because our people in our states are suffering and businesses in our states are coming to a halt, lives were being destroyed, that’s why we went to court.

“We left elections in the hands of God and we all know the result. Although this policy was designed to ensure that we did not give them the essential edge in the elections, we have won.”

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