Nigerians react as Supreme Court declares old N200, N500, N1,000 legal tender

The ruling of the Supreme Court on the cashless policy initiated by the Central Bank of Nigeria, CBN has become talk of the town.

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.

The people of Nigeria reacted to the new development on social media, as some praised the apex court while some others condemned the court.

@kingsleylead wrote: “What can be so wicked, the Buhari government stopped Nigerians from accessing their legitimate funds all in the name of winning an election.”

@Northerner0 wrote: “Do they have power for that? Well, even if they didn’t pass the judgment today, we are confident that the president-elect (Bola Ahmed Tinubu) will reverse the judgement and let it continue as legal tender.”

@trueAFICIONADO wrote: “Supreme court has said their own, waiting for the CBN to say their own because supreme court is not the bank that will collect it from us.”

@YenyCrystal wrote: “No need for the end date…it should just be in circulation till the old Naira fades off, while the new Niara should be printed more…simple.”

@phemidawhiz wrote: “How much was that amount spent on printing new naira notes again? I want to determine the level of cashout.”

@VictoryOwai wrote: “The wahala be say if Supreme Court order is rejected now, them fit also reject court order when Obi is declared winner.”

@olorunwababs wrote: “Nigeria is a theatre of confusion; will CBN honour Supreme court’s ruling? Time will tell.”

@OmoKiikan wrote: “Listen to the Supreme court at your own risk. Na wetin Emefiele talk we go follow.”

@VoteDefenderNG wrote: “Apparently, Supreme Court waited to see who will win the election before ruling on this case. They needed to play safe to save their job. Let’s all get ready to hold the Supreme Court.