Access Bank PLC
BUSINESSSOCIETY

BREAKING: Supreme Court Restrains CBN From Implementing Deadline For Old Naira Notes Validi

First Bank Nigeria

The Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 Deadline of the old 200, 500 and 1000 naira notes to stop being legal tender.

Three northern states — Kaduna, Kogi and Zamfara — had in a motion ex-parte filed on February 3rd, prayed the apex court to halt the Central Bank of Nigeria (CBN) naira redesign policy.

The court further held that the FG, CBN, commercial banks must not continue with the deadline pending the determination of a notice on notice on in respect of the issue on February 15.

By this ruling, the old Naira notes continue to be legal tenders in Nigeria

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button