Nigeria’s proverbial chicken might be coming home to roost! Perhaps, it is already home! As it is said in
Nigerian Pidgin English – quoting from Burna Boy’s song – “…..e don cast, last last, na everybody go
chop breakfast…..” The country is in a mess its ‘citizens’ (inhabitants) created. We do not even know if
these people are citizens or conquered people! Anyway, for ease of communication, we will refer to them
as Nigerian citizens albeit with reservation. Let us use the ongoing Naira redesign/currency swap as an
example of how a people (and government) may (inadvertently?) make themselves look stupid. It is stale
news that Central Bank of Nigeria (CBN) rolled out its policy of redesigning some Naira notes on 26 th
October, 2022 giving 30 th January, 2023 as deadline for the use of ‘old’ N200, N500 and N1,000 as legal
tender in Nigeria. This initiative appeared good considering the advanced logical/convincing reasons.
Regrettably, it ran into troubled waters like every sensible concept that is poorly-implemented in Nigeria!
We need to say that blames will not be apportioned here. Nevertheless, the unfolding story will be
objectively relayed. Few days to January 30 deadline, it was observed that there were difficulties in
obtaining the new Naira notes from commercial banks. In fact, customers were depositing the old notes in
these banks and later withdrawing same over the counter and from automated teller machines (ATMs). As
it is, always, in Nigeria “katakata” burst! The commercial banks/ATMs got flooded, uncontrollably, with
people in frenzied ‘search’ of unavailable deposited cash. The CBN later extended the deadline to
February 10. This did not solve the problem! Customers kept vigils around ATMs! New notes were either
unavailable or at best, banks/ATMs dispensed N1,000 per day to customers! Yes, N1,000! Customers’
money appeared confiscated by commercial banks! People cried openly! They stripped themselves naked
in these banks! They became pugilists at these banks/ATMs! Alas, insanity took over! Madness raged on!
Federal Government of Nigeria (FGN), through CBN, insisted that there was no going back on the policy.
People waited, everyday, with the hope that the new notes will be available. Maybe they were available in
the hands of some ‘big’ men/women! However, they were not available enough to take care of those
heavily dependent on legitimate cash transactions. The new (and old) Naira notes became so scarce that
people started ‘buying’ Nigerian currency in Nigeria! It was time for ‘good’ business for point of sale
(POS) transactional agents! Here, the Nigeria’s dog-eat-dog scenario, fully, manifested itself! So much
unnecessary anguish was suffered by the people! Then, entered the State Governors of Kaduna, Kogi and
Zamfara! Others came later! These governors dragged FGN before the Supreme Court of Nigeria (SCN)
urging it to grant them an interim injuction, through a filed motion ex-parte, stopping FGN and all its
cited agents from carrying out the plan of ending the timeframe within which the older versions of the
200, 500 and 1,000 denominations of the Naira may no longer be a legal tender on 10 th February, 2023.
This injuction sought by the first three governors was granted by SCN “…..pending the hearing and
determination of their motion on notice for interlocutory injuction.” The hearing was adjourned until 15 th
of February! Mayhems continued! In some cities/towns, commercial banks’ buildings were attacked by
hoodlums! Arson was committed against them! Similarly, owing to some legal technicalities on February
15, further hearing was adjourned until February 22. Meanwhile, on February 16, President Muhammadu
Buhari addressed the country. He gave approval for the old N200 notes to be recirculated and used, side-
by-side with the new notes, for the next 60 days. Later that February 16, or so, the Governor of Kaduna
State gave a broadcast that apparently countered Buhari’s own, urging people in that state to continue,
unhindered, in the usage of all the old notes for transactions. At the hearing of February 22, SCN
consolidated the suits instituted by over 12 state governments and adjourned until March 3 for judgement.
We will continue to monitor proceedings at SCN. As stated above, no blame will be apportioned here but
objective analyses will be done on unfolding issues without prejudice to potential outcome(s) from SCN.
Critical analysis of the above scenario must have further revealed the much-criticised ‘jackboot rule of
law’ and ‘unitary federalism’ that Nigeria currently operate; even when the operators, clearly, know that
their operations run counter to all the global good practices. The country is still far from where it ought to
be with all the brilliant minds within and outside it! Nigeria is endowed but is still, unbelievably, run like
a thick jungle! Sincerely, it is difficult to totally disagree with Chidi Odinkalu that “[with]…..the kind of
magic that comes from our courts these days…..I’m not going to come here now and pretend to you as
if…..I can figure out what the law is. It’s a voodoo art, only the people who practice it in the Supreme
Court know what it means…..” Nigerian courts may be criticised – rightly or wrongly; they may truly
need self-cleansing; yet, many of their good judgements/orders were obeyed in the breach by FGN. This
reminds us of FGN that shouted from the rooftops that Academic Staff Union of Universities should obey
court order. We intend to stop here but not before we briefly talk about the earlier-mentioned “breakfast”.
Surely, we are reaping from what we have all sown! It will be insincere for Nigerians to completely
distance themselves (ourselves), individually and collectively, from the pervasive disorderliness and
maddening behaviours in their (our) society, today. Interestingly but unfortunately, the Nigerian society is
a finger-pointing one where each person accuses the next one’s action(s) and inaction(s) to be the
reason(s) behind, or causative agents of, the rot they (we) are now suffering from. All societal ills being
complained about did not start today; they have their root in the past. Since the ills were accommodated,
knowingly/unknowingly, over time, they got accumulated and are now seemingly defying solution(s). We
still seriously believe that Nigerians “…..created, nurtured and empowered [their many] “Frankenstein’s
monsters” – by omission and/or commission!” Now, these monsters are tormenting almost all. Without
mincing words, if Nigerians are serious, they can destroy these created monsters. This is a choice that will
help all of us! We wish all concerned good luck in the 2023 gubernatorial and state assembly elections.
*Andrew A. Erakhrumen currently teaches at the Department of Forest Resources and Wildlife
Management, University of Benin, Benin City, Nigeria.
