Nigeria' Supreme Court Extends Validity of Old Naira Notes
Dec 4, 2023 ·
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The Supreme Court, in the ruling, reviewed its earlier order that the old notes should cease to be legal tender by the last day of December 2023. The Supreme Court...
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The Supreme Court, in the ruling, reviewed its earlier order that the old notes should cease to be legal tender by the last day of December 2023.
The Supreme Court extended the lifespan of the redesigned 200, 500 and 1000 naira notes.
Many state governments sued the federal government, urging the Supreme Court to reverse the monetary policy.
A seven-member panel of the Supreme Court led by John Okoro had in March ordered the CBN to continue to receive the old notes from Nigerians until 31 December 2023.
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The Supreme Court extended the lifespan of the redesigned 200, 500 and 1000 naira notes.
Many state governments sued the federal government, urging the Supreme Court to reverse the monetary policy.
A seven-member panel of the Supreme Court led by John Okoro had in March ordered the CBN to continue to receive the old notes from Nigerians until 31 December 2023.
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