Elizabeth O.
Just In: All Old Naira notes remain legal tender till December 31 — Supreme Court
The apex court, in a 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 alongside the redesigned currencies.
It faulted President Muhammadu Buhari for introducing the demonization policy, without due consultation with the Council of States, the Federal Executive Council, the Civil Society and other relevant stakeholders.
In the lead judgement that was delivered by Justice Emmanuel Agim, the apex court accused President Buhari of disobeying its interim order that halted the full implementation of the new monetary policy.
