The Supreme Court has resolved the controversy over the old, 200, 500, and 1000 naira notes which many Nigerians are rejecting in daily transactions.
At Wednesday’s hearing of the suit filed by three state governors of Kaduna, Kogi, and Zamfara states, the supreme court ruled that the old naira notes should continue to be legal tender until the adjourned sitting on February 22nd, 2023.
The Supreme Court also allowed eight other states, Lagos, Ondo, Ekiti, Ogun, Sokoto, Katsina, Zamfara, Cross River and Rivers state to join Kaduna, Zamfara, and Kogi as applicants in the suit seeking to stop the CBN redesign policy.
Two states, Bayelsa and Edo were also allowed to join the federal government as respondents having thrown their weight in support of the new naira policy.
Breaking News: Old Naira Notes To Remain In Use Till February 22nd – Supreme Courthttps://t.co/Gv6kB31fpa#SignatureTV #NewNairaNotes #NewNaira #Naira #NairaScarcity #nairaredesign Iyabo Ojo Adeleke Presidency| #Oshodi| Teni| Aguda| NASS| Seyi Makinde| Keke| Yayaha Bello ANAP pic.twitter.com/FdiA7XENnf
— Signature TV (@signaturetv) February 15, 2023