Expectations by Nigerians that the Supreme Court would put paid to the controversies surrounding the naira redesign policy by the Central Bank of Nigeria (CBN) were dashed minutes ago as the apex court adjourned the case to Wednesday, February 15, 2023.

A seven-member panel of the court led by John Okoro, which adjourned the case, predicated their decision on the indication by several parties to be joined in the suit, thus compounding the confusion surrounding the CBN policy, which has further amplified the hardship faced by Nigerians.

The Naira redesign suit was filed by Kaduna, Katsina and Kogi State Governments to challenge the February 10 deadline set by the CBN for the use of old naira notes but more states, including Ondo and Katsina, have since indicated interest in joining as interested parties to the suit.

The Supreme Court had, exactly a week ago, granted an ex-parte application suspending the implementation of the February 10 deadline set by the CBN to end the legal tender status of the old N200, N500, and N1,000 notes.

Curiously, both the CBN and President Muhammadu Buhari, who approved the controversial naira redesign policy, failed to obey the court order, subjecting Nigerians to unprecedented hardships in meeting their daily basic needs.