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General News of Wednesday, 8 February 2023

Source: tribuneonlineng.com

Enemies of the people: Nigerians react over Supreme Court's verdict on Naira

New Naira notes New Naira notes

Reactions have started trailing the Supreme Court’s decision to temporarily halt the move by the Federal Government to ban the use of the old naira notes from February 10, 2023.

TRIBUNE ONLINE earlier reported a seven-member panel led by Justice John Okoro, stopped the move of the federal government in a ruling in an exparte application brought by three northern states of Kaduna, Kogi and Zamfara.

Delivering ruling in the motion, Okoro, held that after careful consideration of the motion exparte, this application is granted as prayed.

“An order of Interim Injunction restraining the federal government through the Central Bank of Nigeria (CBN) or the commercial banks from suspending or determining or ending on February 10, the time frame with which the now older version of the 200, 500 and 1,000 denomination of the naira may no longer be legal tender pending the hearing and determination of their motion on notice for interlocutory injunction.” the court ruled.

Nigerians reactNigerians have since taken to Twitter to react to the development faulting the judgment. Others believed is “a win for democracy”. Below are some reactions gathered by Tribune: