The Supreme Court order stopping the Central Bank of Nigeria (CBN) from implementing the deadline for the collection of old naira notes has sparked massive reactions from Nigerians.
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A seven-man panel of the apex Court led by Justice John Okoro, in a unanimous ruling, restricted the Nigerian Government, Central Bank of Nigeria, their agents and commercial banks from implementing the February 10 deadline for the swap of old 200, 500 and 1000 naira notes.
Furthermore, the court barred the Nigerian Government, CBN and commercial banks from continuing with the set deadline pending the determination of a notice in respect of the issue on February 15.
READ ALSO: Just In: Supreme Court Temporarily Lifts Ban On Old Naira Notes
How Nigerians React
The decision of the court has generated numerous reactions from social media users who took to their handles to air their opinions over the development.
While many Nigerians applauded the verdict of the court, a large section could not hide their disappointment at the court ruling.
See some reactions below:
Don’t sleep on!
Deadline to return your old notes is still 10 February 2023 until you hear otherwise from the CBN.
— Omotayo Williams (@KadunaResident) February 8, 2023
Just In: Supreme Court has restrained the FG from implementing the February10 deadline in the Naira Swap policy of the CBN, in an ex-parte motion filed by Zamfara, Kogi and Kaduna states. The apex court granted the order pending the determination of the matter slated for Feb 15.
— SeunOkin Channels tv (@seunokin) February 8, 2023
Supreme Court stops withdrawal of Old Naira Notes by the CBN. Old Naira notes still remains. Game over!
— Adamu Garba II (@adamugarba) February 8, 2023
Is CBN bound by the Supreme Court interim order that restrains it from not recognizing the old naira notes after February 10 even when they aren't joined to the suit? I think not!
CBN is autonomous and not subject to the directive of the AGF. The APC Governors should know this
— Tonye Barcanista (@TonyeBarcanista) February 8, 2023
BREAKING: Supreme Court suspends CBN cash policy 😄
— Mohammed Jammal (@whitenigerian) February 8, 2023
Supreme Court Suspends CBN's Naira Redesign Policy.
As I said, Keep an Eye on him. pic.twitter.com/zJ0Gn9JdcJ
— Mindset🗝️ (@Mindset_Post) February 8, 2023
The supreme court judgment is of no use to the masses. CBN has already taken over 1 trillion naira worth of old notes out of circulation.
This decision won't bring back the old notes into circulation or make the new notes available.— NKEM🔥🔫 (@Nkemchor_) February 8, 2023
Nigeria ooo, protesters besieged CBN & Justice Ministry protesting against Supreme Court ruling. That Buhari should issue executive order to counter Supreme Court. I don laugh tire oooo. People wey no get money from ATM dey protest.
— Woye (@woye1) February 8, 2023
Atiku & Peter Obi support the CBN policy so they are being mocked by APC after Supreme Court extended the CBN deadline on old notes. The man who has all powers to stop the policy is not even being mentioned while those without executive powers are mocked. Politics defies logic
— Eniola Akinkuotu (@ENIBOY) February 8, 2023
