In a rear statesmanship the President Muhammad Buhari, has apologised to Nigerians over the hardship the Naira redesign caused to Nigerians saying that it was not introduced to cause hardship. The President, who spoke in a viral video in Hausa said the Naira redesign policy was not meant to cause hardship to Nigerians but enhance the economy.
He said: “first of all, I want to once again thank you for the confidence you have in me. Meanwhile the Supreme Court has, nullified the ban on use of the old N200, N500 and N1000 banknotes as legal tenders. The apex court, in a unanimous decision by a seven-member panel of Justices, held that the old banknotes should remain valid legal tenders until December 31.
It held that the old Naira notes should be used alongside the redesigned currencies. The justices faulted President Muhammadu Buhari for introducing the policy, without due consultation with the Council of States, the Federal Executive Council, the Civil Society and other relevant stakeholders.
