THE Supreme Court on Friday nullified the Federal Government’s cashless and naira redesign policy, declaring it as an affront to the 1999 Constitution.

THE Supreme Court on Friday nullified the Federal Government’s cashless and naira redesign policy, declaring it as an affront to the 1999 Constitution.

It also held that Presi- dent Muhammadu Buhari breached the constitution in the manner he issued directives for the redesigning of the banknotes by the CBN.

The apex court also held that unlawful use of executive powers by the president inflicted unprecedented economic hardship on the citizens by denying them ownership of, and access to, their money.

The court, in a unanimous judgment delivered by Justice Emmanuel Agim on behalf of the seven-member panel of Justices of the court, voided and set aside all the directives issued by President Buhari in respect of the naira redesign and circulation on the grounds of illegalities and abuse of executive powers.

The court held that the president ought to have put in place adequate provisions before giving the directives for the change of currency and added that the demonisation directive of the president is not consistent with the provisions of the law.