“Old naira notes remain legal tender “– Supreme Court

The Supreme Court has ruled that its order from February 8 prohibiting the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500, and 1000 naira notes still exists, despite the Central Bank of Nigeria’s insistence that they are no longer legal tender.

The decision was taken on Wednesday, February 15, in response to a complaint submitted by Abdulhakeem Mustapha (SAN), a counsel to the states of Kaduna, Kogi, and Zamfara, that the Federal Government and its agencies had disobeyed the judgement and had reportedly ordered the rejection of the old notes.

Mustapha, who also disclosed that they had submitted a notice of non-compliance with the February 8 court order, requested the court to take action.

He added;

?That order has been flouted by the government. We are talking of executive lawlessness here. We have filed an affidavit to that effect?We want the court to renew the order for parties to be properly guided.?

Justice John Okoro who led the seven-member panel of the court, asked Mustapha to filed a proper application to put forward his complaints and to enable the respondent respond appropriately.

Justice Okoro who also noted that there’s no need for a renewal of the court?s order since the motion is yet to be heard. 

The Supreme Court fixed February 22 for hearing of the suit filed Kaduna, Kogi and Zamfara states challenging the propriety the naira swap policy of the Federal Government.

Related Video

https://www.youtube.com/live/QIwzSg-sEeU?feature=share

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.