Supreme Court Orders Old N200, N500, N1,000 Notes To Remain Legal Tender Till Dec 31

The supreme court on Friday ordered the Central Bank of Nigeria to instruct commercial banks to keep accepting the old naira notes, and for the country to recognise it as a legal tender till December 31st 2023.

The suit was filed by state governors, against the federal government’s decision to swap the naira, without making the notes available to ordinary Nigerians.

The plaintiffs in the suit are the Attorneys General (AGs) of Kaduna, Kogi, Zamfara, Ondo, Ekiti, Katsina, Ogun, Cross River, Sokoto, and Lagos states while the defendants are the Attorney General of the Federation, Abubakar Malami (SAN), as well as the AGs of Bayelsa and Edo states

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At the last hearing on February 15, seven states joined the three initial states as co-plaintiffs, while Edo and Bayelsa states joined the Federal Government as co-defendants.

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Already, the lawyers of both parties have arrived in court and Nigerians expect a major and definitive decision by the apex court.

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Photo Credit: Getty