A lot of people are rejoicing about the supreme court judgment but has failed to think about it critically. The order only states that the old notes shouldn't become ordinary paper by the deadline, but it hasn't addressed the issue of low cash supply. Most people have already deposited their old notes in banks and the order doesn't states that banks can pay out old notes. So everyone will still have to go to banks to get cash and the bank will only pay out new notes which is limited in supply. This judgement, except it's being modified, to allow commercial banks recirculate old notes, would only favour anyone who has stashed millions or billions of naira in a storage room, else we're still where we were as the old notes hasn't yet expired and we're facing problems because banks aren't allowed to push back old notes into the economy.

Seun
Fpmoderator
What do others think?