Supreme court: Old and new naira notes should co-exist - Global Quest Magazine

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Friday, March 3, 2023

Supreme court: Old and new naira notes should co-exist


The Supreme Court has ordered that the old N1000, N200 and N500 notes should remain legal tender until December 31, 2023.
 The court, in a judgment on the suit filed against Federal Governments naira swap poly, held that the old naira notes should co-exist with the new notes.

It faulted the directive issued by President Buhari to the CBN governor to limit access to cash and held that it was a violation of the right of the owners of such funds to their property

It proceeded to set aside the cash limit directive given to banks by the CBN.


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