The Central Bank of Nigeria will reveal it in the next following a decision from the supreme court to halt the facing out of old N1000, N500, and N200 notes by February 10.
Justice John Okoro, who presided over the Supreme Court panel stopped President Buhari and the Central Bank from discontinuing the usage of old naira notes.
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaLEGIT.NG reports that this is following an application from three northern governors.
Counsel to the three governors, led by A. I. Mustapha (SAN), stated that the policy of the government had led to an “excruciating situation that is almost leading to anarchy in the land”.
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The hearing of the supreme next suit is on Wednesday, February 15, 2023, which is five days after the CBN deadline.
LEGIT.NG reports that it is looking increasingly unlikely the deadline for swapping of old notes to new naira notes will stand.
Although Godwin Emefiele has consistently insisted that there will be no extension to the old naira notes as legal tender, PUNCH reports.
Recall that Godwin Emefiele advised Nigerians who still need to exchange old naira notes to visit any of the CBN branches across the country.
The apex bank is expected to make an announcement in reaction to the supreme court judgment in the coming days or hours.
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