Naira Crisis: Cash-Strapped Nigerians Expect Favourable Judgement As Supreme Court Hearing Resumes

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As the Supreme Court resumes hearing today on the old naira note deadline suit between some state governments and the Federal Government, Nigerians, especially consumer and business groups as well as professional and trade unions are looking up to the apex court for a favourable judgment that they expect will ameliorate their suffering.

The Supreme Court had on February 8 restrained the Federal Government from implementing the February 10 deadline for swapping the old naira notes with new ones, but the Central Bank of Nigeria refused to shift the deadline.

No fewer than 13 persons have reportedly died in protests provoked by the shortage of new naira notes across the country.

Also, at least 12 states have witnessed protests as a result of the policy.