Old Naira still legal tender — S’Court
...adjourns suit to Feb 22 By Abimbola Oloyede THE Supreme Court yesterday has affirmed the validity of the use of old 200, 500 and 1000 naira notes, adding that the old currency remain legal tender. The apex court adjourned hearing in the suit banning the use of the old naira notes to Wednesday, February 22, 2023. The apex court maintained that the February 8 hearing which stopped the implementation of the February 10 deadline ban on the use of old naira notes still stand. The seven man panel of Supreme Court last Wednesday in a unanimous ruling granted an interim injunction restraining the Federal Government from implementing the Central Bank of Nigeria’s February 10 deadline for the swapping of the old naira notes with the new ones. The judgement followed a motion ex-parte on behalf of three northern states Kaduna, Kogi and Zamfara, who on February 3rd filed a suit seeking to halt the implementation of the CBN’s policy. This is coming after nine states joined the suit initially file...