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BREAKING: Old Naira notes remain valid till… – Supreme Court

The Supreme Court on Friday nullified the ban by the Central Bank of Nigeria (CBN) on the use of the old N200, N500 and N1,000 banknotes as legal tenders.

POLITICS NIGERIA reports that the apex court, in a unanimous decision by a seven-member panel of Justices, held that the old banknotes should remain valid legal tenders until December 31, 2023.

It held that the old Naira notes should be used concurrently with the redesigned Naira notes.

Justice Emmanuel Agim, who read the lead judgement, stated that the preliminary objections by the defendants (the Attorney General of the Federation, Bayelsa and Edo states) are dismissed as the court has the jurisdiction to hear the suit.

The court said the naira redesign policy has led to some Nigerians engaging in trade by barter in a bid to survive, adding that President Muhammadu Buhari’s disobedience of its February 8 order is a sign of dictatorship.

More to come…

75 Comments

  1. Politics everywhere… Una just Dey use our head… The God that will judge u all will fix u guys right…
    #EVILGENERATION

  2. I don’t understands this people
    What did they think we are,playing politics on us…
    May God have mercy

  3. How I wish someone can pay one or some of seven-member panel of Justices with huge amount of the old note and see if they are going collect themselves.
    I wonder why they are trying to take us back into the hardships we are coming out from.

  4. What a political games, but must u suffer the masses, due to this money scarcity many companies and business has had set back in there businesses. Buhari bad history would never be erased in Nigeria.

  5. We can’t even see both the new and old. They should order CBN to put money into circulation. The judgement is coming very late.

  6. See er those of u, in high place in this country are absolutely looking down on the poor, but don’t worry, the day we would rise up, e go clear wanna.

  7. WITH THIS JUDGEMENT, Efele WHO SHOULD HAVE CEASED BEING THE CBN GOVERNOR MUST NOW LEAVE THE CHAIR.

  8. There is something hidden in this country that our politicians and their cohorts don’t want us to know . that is the reason why we have all this back and forth movement in the country.May the lord God almighty disapoint the devices of these crafty men so that their hands will not perform their mischief

  9. It amazes me how Nigerian leaders think the country is they’re parlor… just switch on and off the naira notes the way you like. Well done o

  10. Can we just have access to our money in the bank? It should be in the ATM this hardship is much

    Who should we listen to nowBuhari April 10th or Supreme court December 31st?

    Confused country

  11. With this judgement CBN governor should be arrested immediately for putting the masses into abject poverty without recourse or fear for humanity.

  12. The stand of the el-Rufa’is has triumphed. But the citizens were unnecessarily suffered, just for political gains.

  13. APC we know all your game plans,You are sure acting out a script,We cause a situation and put people in lack, seizing there money,all in the name of Naira redesigning and come through the supreme court which is part of you to reverse your earlier decision,so that you can be seen as saviours!You You can fool some people for some time but you can’t fool All the people all the time!This is the same style Tinibu uses in Lagos!mumu peopple!

  14. God will punish that useless man muhamodu buhari that is calling himself president that put everybody into trouble and is fellow members and emefiele Amen

  15. THE JUDICIARY BEEN THE LAST HOPE FOR SUCESSFULLSUCESSFULL DEMOCRACY, I LOUD THEIR JUDGEMENT.
    GOVT HAS NOT DONE A RROPER HOME WORK B4 IMPOSING THE NEW NAIRA NOTES USAGE,DUE TO SELFISH INTEREST & NOT THE INTEREST OF NIGERNIGERIANS.
    THIS HAD MADE LIVE EXTREMELY DIFFICULTDIFFICULT.
    ONCE AGAIN, KUDOS TO THE JUDICIARY.

  16. Here in anambra state it is more worse here, no cash, not even the old note self, things are getting worse every day,

  17. Thunder fire bihari, and his fellow decile you have turn Nigeria in to suferin country
    and devil will also punish you not only god

  18. Emefile the CBN governor and president buhari I don’t think they even know what they are doing how can they just make a dissension with out even thinking of the masses now the old note you said we should not spend that is no more legal tender u said we should continue spending it again god will gurgle u

  19. It’s unethical to abuse ur leader, let alone cursing. He’s tried his best n is not among thieving leaders. He’s also produced a credible election.

  20. this a very sensitive issue in the life of any state, but the way and manner the are handling it, Nigerians are confused,what to do, who’s order to obey within the PRESIDENT, CBN, and COURT? However they should come to a compromise, speek to Nigeria’s in one voice

  21. Is Mr president above the law. Please who is this monster that called himself presido. And atiku have warned us not to vote for him in the first place.

  22. U guys should insult buhari bcos na una vote am inside so u have seen the reward

  23. Nigerian with drama I don’t this people knows what we are actually going through in this country many people lost their life all in the name of new money may God help us

  24. Am tired of this country honestly
    Imagine my own hard end money I will be suffering before I withdraw with huge charges

  25. The Nigeria jury is passive while the executive is over active like zombie, hence the former is not free to act. It can only bark without biting. Yet to be proud of being a Nigerian.

  26. I wonder that President fought corrupting for 8 years Nin for one or two years and PVC for three years and changed money for one month you can see the big problem for a Nation like nija because my President new #200note because naa Malu they for the note. Mr President naa Malu seller

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