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Breaking: Cbn Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Ten - Politics - Nairaland

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CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender / Buhari Says Old ₦‎200 Note Will Remain Legal Tender Till April 10 / Old Naira Notes Remain Legal Tender - Supreme Court (2) (3) (4)

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Breaking: Cbn Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Ten by tinsel: 10:00pm On Mar 13, 2023
The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 bank notes remain legal tender Till December 31, 2023.

The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin stated this in a statement on Monday.

In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023.

“Accordingly, the CBN met with the Bankers’ Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.

“Consequently, all concerned are directed to conform accordingly.”

The highest court of the land had on March 3 ordered that old N200, N500 and N1000 notes remain valid till December 31, 2023. This was after 16 states of the Federation instituted a suit to challenge the legality or otherwise of the introduction of the policy.
The 16 states led by Kaduna, Kogi and Zamfara had prayed the apex court to void and set aside the policy on the ground that it is inflicting hardships on innocent Nigerians.

The court subsequently ruled that the President’s disobedience of its February 8 order is a sign of dictatorship, adding that Buhari breached the Constitution of the Federation in the way he issued directives for the re-designing of the Naira by the CBN.

After the March 3 judgement by the Supreme Court, the Presidency, CBN and the AGF kept mum, throwing many bank customers and Nigerians into confusion as the ruling of the apex court contradicted the directive of the President on February 16 that old N500 and N1000 notes are banned and old N200 notes remain valid till April 10.

However, the Presidency broke its silence on Monday, saying the President never told the CBN and the AGF not to obey the order of the apex court.
https://www.channelstv.com/2023/03/13/breaking-cbn-breaks-silence-says-old-n200-n500-n1000-notes-remain-legal-tender-till-dec-31/
Re: Breaking: Cbn Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Ten by Godsfrezx: 10:01pm On Mar 13, 2023
Ok.
Re: Breaking: Cbn Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Ten by lhordspy: 10:02pm On Mar 13, 2023
Finally.
Re: Breaking: Cbn Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Ten by rantitubs: 10:03pm On Mar 13, 2023
Thank God
Re: Breaking: Cbn Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Ten by AsomughaChuks05: 10:08pm On Mar 13, 2023
Soludo Solution of Anambra said it. Emefiele is so unpopular now, that he must have begged Governor Soludo to release the good news to Nigerians.
Re: Breaking: Cbn Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Ten by Mynd44: 10:10pm On Mar 13, 2023

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Fake News .....according To The Osubidient / No Peace For The Wicked! / Election Petition: Court Permits Atiku, Obi, Others To Serve Tinubu Through APC

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