Connect with us

Business

BREAKING: Supreme Court Declares Old N200, N500, N1000 Notes Valid Till Dec 31

Supreme Court of Nigeria has on Friday March 3 declared that old N200, N500 and N1000 notes valid legal tenders.

Published

on

OldNairaVerseNewsNG1
Old N200, N500 and N1000 Notes

Supreme Court of Nigeria has on Friday March 3 declared that old N200, N500 and N1000 notes valid legal tenders.

This Online Newspaper reports that the court in its judgment said even though President Muhammadu Buhari has the executive power, it is against the constitution to introduce the demonization policy, without due consultation with the Council of States, the Federal Executive Council, the Civil Society and other relevant stakeholders.

DON’T MISS: CBN Directs Banks To Collect Old N500, N1000 Notes

The presiding judge of the seven-member panel of justice of the court, Justice Emmanuel Agim said “there is no justification to the limitation of money in circulation and the disobedience of president Buhari is a sign of failure of our democracy.”

It therefore concluded that the old naira bank notes should remain valid till December 31 2023 and should used together with new naira notes.

Advertisement

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

woman cries woman cries
News1 week ago

My Husband Makes Love From Midnight Till Dawn’ — Kaduna Woman Seeks divorce

A 37-year-old woman, Linda Stephen, has asked a Kaduna Customary Court to dissolve her six-year marriage,

peller peller
Entertainment1 week ago

Peller Faces Possible Ban as Nigerians Mass-Report His 9.6M TikTok Account

Popular TikToker Peller faces mass reports on his 9.6M-followers TikTok account after criticizing Nigerians for ranting about the government online.

NYSC dancing NYSC dancing
Education1 week ago

BREAKING: NYSC Begins Payment of N77,000 Monthly Allowance To Corps Members

The Federal Government has begun paying the N77,000 monthly NYSC allowance after a six-month delay, with some corps members confirming...

Timi Dakolo and Femi Lazarus Timi Dakolo and Femi Lazarus
Celebrity Gist1 week ago

How Apostle Femi Lazarus Is Selling Gift of Spirit God Gave Him for Free – Timi Dakolo

Timi Dakolo criticized Apostle Femi Lazarus for condemning gospel artistes who charge for ministrations while running a paid ministry school.

peter obi and tinubu peter obi and tinubu
Politics1 week ago

Presidency Warns Peter Obi Over ‘Collapsed Democracy’ Comment

Presidency dismissed Peter Obi’s claim that Nigeria’s democracy has collapsed, calling it exaggerated and baseless.

donald trump donald trump
World News1 week ago

Trump announces 25% tariff on countries buying Venezuelan oil

Trump announced a 25% tariff on countries purchasing Venezuelan oil, citing Venezuela's alleged hostility and criminal infiltration.

enugu imo police enugu imo police
News1 week ago

Anambra, Enugu Police Join Forces to Crush Border Crimes

The Anambra and Enugu State Police Commands have joined forces to combat cross-border crimes by sharing intelligence and resources.

airport airport
News1 week ago

US Warns Nigerians, Threatens Permanent Bans from Entering Country

The US has warned Nigerian travelers that overstaying their visas could result in a permanent ban from re-entering the country.

senator natasha akpoti senator natasha akpoti
Politics2 weeks ago

Plot to Remove Suspended Senator Natasha Deepens as Constituents File Recall Petition

Some constituents of Kogi Central have petitioned INEC to recall suspended Senator Natasha Akpoti-Uduaghan, citing loss of confidence and misconduct.

surgery surgery
News2 weeks ago

Lagos to Sponsor Open-Heart Surgeries Worth ₦8.5 Million Each for 30 Indigent Patients

The Lagos State Government will provide free open-heart surgeries for 30 indigent patients, fully funded by Governor Sanwo-Olu.

Advertisement