News
BREAKING: Old Naira Notes Remain Legal Tender Till Dec 31 – Supreme Court
The Supreme Court on Friday ordered that the old naira notes must remain in circulation till December 31 this year.
The apex court ordered the Central Bank of Nigeria CBN to allow both the old naira notes and the new ones to circulate side by side till the end of the year.
All directives issued by President Muhammadu Buhari in respect of the naira re-designing and circulation were voided and set aside on grounds of illegalities and abuse of executive powers.
The apex court took a swipe at President Buhari for disobeying its interim order of February 8 to the effect that the old naira is allowed to be in circulation.
Justice Emmanuel Akomaye Agim held that the President exhibited and took the disobedience to the highest peak with his broadcast of February 16 in which he allowed only N200 notes alone.
-
Opinion4 days agoEthical And Public Health Implications Of Engonga’s Alleged Actions In E’Guinea And Hypothetical Projection For Nigeria By Shina Adewoye
-
News3 days agoStop Using Unfortunate Loss Of Lagbaja To Play Your ‘Usual Irresponsible Politics’, Osun PDP Warns APC
-
News1 day agoNurudeen Islamic Mission Mourns Death Of National Leader, Alhaji Abdulazeez Orelope
-
News1 day agoSafety Of Commutters: Gov Adeleke Flags-off Profiling Of Transport Operators