Central Bank of Nigeria Says Old N200, N500, N1,000 Notes Remain Legal Tender Till Dec 31
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Mar 15, 2023 ·
1m 3s
The Central Bank of Nigeria says old N200, N500, and N1,000 banknotes remain legal tender till December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin says...
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The Central Bank of Nigeria says old N200, N500, and N1,000 banknotes remain legal tender till December 31, 2023.
The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin says in compliance with the established tradition of obedience to court orders Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023.
The highest court of the land had on March 3 ordered that old N200, N500 and N1000 notes remain valid till December 31, 2023.
This was after 16 states of the Federation instituted a suit to challenge the legality or otherwise of the introduction of the policy.
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The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin says in compliance with the established tradition of obedience to court orders Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023.
The highest court of the land had on March 3 ordered that old N200, N500 and N1000 notes remain valid till December 31, 2023.
This was after 16 states of the Federation instituted a suit to challenge the legality or otherwise of the introduction of the policy.
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