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A long queue for cash in Kano, northwest Nigeria on 8 February

Some folks queued in a single day exterior banks to try to get money

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Nigeria’s Supreme Courtroom has dominated that outdated banknotes stay authorized tender till the top of the 12 months, bringing reduction to thousands and thousands affected by a chaotic redesign of the naira notes.

The justices mentioned that not sufficient discover was given to the general public earlier than the outdated notes had been withdrawn.

Not sufficient of the brand new notes had been launched, resulting in widespread anger and frustration.

Many individuals had been unable to get money to pay for meals and slept exterior banks.

The coverage was initially introduced final October and folks had been initially given till the top of January at hand in all their outdated notes, though this had beforehand been prolonged.

Studying out the ruling, Justice Emmanuel Agim mentioned the right course of had not been adopted.

“The directive given by President is invalid. Such directive is not only handed down after private dialog with the governor of CBN [Central Bank of Nigeria],” he mentioned.

Sixteen Nigerian states had challenged the redesign of the 200, 500, and 1,000 naira notes, saying that the deadline was too tight.

By Maggi

"Greetings! I am a media graduate with a diverse background in the news industry. From working as a reporter to producing content, I have a well-rounded understanding of the field and a drive to stay at the forefront of the industry." When I'm not writing content, I'm Playing and enjoying with my Kids.

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