BREAKING: SUPREME COURT ORDERS OLD N200, N500, N1,000 NOTES TO REMAIN LEGAL TENDER TILL DEC 31 2023

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 By Samuel Toba-Olumide


…Declares Buhari’s order on new naira invalid



The Supreme Court has invalidated the new naira design policy initiated by the Federal Government on the grounds that it was not done with due consultation and in line with constitutional provisions.



Following, the apex court ordered that the old naira notes shall continue to be used side by side with the new naira notes till December 31, 2023.



The court held that the three months timeline was also not in tune with the Central Bank of Nigeria’s Act and as such unconstitutional.


Culled from PUNCH NEWSPAPERS

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