Finally, the Supreme Court has put to rest today, Friday, March 3, the controversies and confusion over the Central Bank of Nigeria (CBN)'s naira redesign policy.
Some state governors had dragged the federal government to the apex court as Nigerians suffer the effect of the policy.
Today, this matter has been put to rest with a substantive judgement by the Supreme Court. Read Legit.ng's live updates of the proceedings at the apex court.
Supreme court nullifies naira redesign policy
It's official! We now have a judgement. The Supreme Court has invalidated the CBN's naira redesign policy.
The much-awaited judgement comes on Friday, March 3.
A seven-member panel of the apex court held that the old N200, N500 and N1000 remain valid legal tender until December 31, 2023.
Another governor arrives Supreme Court
Zamfara State Governor, Bello Matawalle has also arrived the Supreme Court for the crucial verdict.
Governors El-Rufai, Yahaya Bello Arrive Supreme Court
At least two state governors, Nasir El-Rufai of Kaduna and Yahaya Bello of Kogi are present in the court.
Recall that the two governors were also in attendance at the last sitting of the apex court on the controversial naira redesign policy.
Naira redesign: Supreme Court shifts judgment to 10am
There is a new development. The Supreme Court has shifted the delivery of its judgment to 10am.
This was announced by an official of the court. Note that 9am usual sitting time of the court.