Emefiele Disobeys S'Court Order, Declares Old Naira Notes As Illegal Tender

This comes as the Supreme Court earlier restrained the Federal Government from implementing the February 10 deadline for the currency swap.

A seven-man panel of the apex court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the Federal Government, the Central Bank of Nigeria and commercial banks from implementing the Friday terminal date for the old naira notes.

However, the CBN governor insisted that there was no need to shift the deadline.

He also said that Point of Sale agents who charge above N200 for the CBN cash swap programme will be arrested and jailed when caught.

https://worldtopnewsng.com/emefiele-disobeys-scourt-order-declares-old-naira-notes-as-illegal-tenders/

The order was to the federal government,not the CBN