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Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender (13847 Views)

Old Naira Legal Tender. Do You Remember? / Naira Redesign: Old, New Notes Are Legal Tender โ€“ CBN Reveals / FG Bows To Will Of The Supreme Court: Old Naira Notes Remain Legal Tender - FFK (2) (3) (4)

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Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by blamingthedevil: 11:28am On Nov 29, 2023
Supreme Court has ruled that old and new notes will co -exist as legal tender until further notice.

Old naira notes to remain legal tender until further notice, Supreme Court rules

The Nigeria Supreme Court ruled on Wednesday that the Old Naira notes will remain legal tender of the country till further notice.

Recall that in March 2023, the apex court had extended the deadline to phase out old Naira notes to December 31, 2023.

In addition, the federal government also filed for an extension for the old naira note on November 21, 2023.

In its ruling today, the highest court ruled in Abuja that the notes will remain legal tender and be accepted for transaction until further notice.

https://nairametrics.com/2023/11/29/old-naira-notes-to-remain-legal-tender-until-further-notice-supreme-court-rules/#:~:text=The%20Nigeria%20Supreme%20Court%20ruled,notes%20to%20December%2031%2C%202023.

33 Likes 5 Shares

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Adesina18111(m): 12:29pm On Nov 29, 2023
So we are still on this issue?...I don't even understand why changing the design at the first place...
Changing a student uniform doesn't make him brilliant...Naira is becoming weaker everyday even among the fellow African countries yet nothing is done to make things better cos there is no evidence to show that Tinubu or APC is working...borrowing upon borrowing...

Today is a mercy day ...may God, Allah, Eledumare have mercy on us ijn... cool cool

31 Likes 1 Share

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by uchwar1: 12:30pm On Nov 29, 2023
Good

4 Likes 3 Shares

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by God1000(m): 12:30pm On Nov 29, 2023
Here we are back to status quo after going through hell before the elections this year

21 Likes 6 Shares

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Zerooffence: 12:30pm On Nov 29, 2023
Thank GOD for that

8 Likes 1 Share

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by YoungLionken(m): 12:30pm On Nov 29, 2023
It was obvious enough..

But now we are back to naira scarcity undecided..

The Nigerian judicial system is like a child's play though...

9 Likes 1 Share

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by teejay29(m): 12:30pm On Nov 29, 2023
This case still dey court?

2 Likes 1 Share

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by chatinent: 12:31pm On Nov 29, 2023
Funny a nation

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Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by MrSundry: 12:31pm On Nov 29, 2023
Emefiele just punished Nigerians for nothing. Law of Karma is already dealing with him grin


https://www.youtube.com/watch?v=3XfR6VbKjmE

23 Likes 3 Shares

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Craniumz(m): 12:31pm On Nov 29, 2023
Nawaoooh upon all the stress of this year of not using the money

1 Like

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Kharol1234: 12:31pm On Nov 29, 2023
How many times?

Ok we don hear

1 Like

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by WealthyNigerian: 12:31pm On Nov 29, 2023
Kyari's reappointment, well deserved.
-By Chukwudi Obiefe.

I was deeply involved in the Bola Tinubu Campaign since 2020 till February 2023, I was involved personally, collectively, politically, spiritually, and financially. I know the actual workings of that deadly period backstabbing politics. The casualties were numerous, from Adams Oshiomole to Tanko Almakura, from Nuhu Ribadu to Femi Gbajabiamila among many others. While some escaped the powerful onslaught, some were roughly brutalised against the rules of law. It was unpopular to support Bola Tinubu among the powerful people between 2020 and February 2023. Even those well known 'mentees' of Bola Tinubu retreated and hid their heads during this tribulation but, in fairness, a few of them started to show only after the APC Primary.

The major thing that worked for Tinubu was those Shedrach, Mesaich and Abednego of Burdillion who refused to bow to pressure and supported him in life or in death. Kudos to such people.

Mele Kyari was neither for nor against any Presidential Candidate but after the APC Primary, some powerful evil forces within the government adopted Atiku as their Candidate and vowed to defeat and disgrace Tinubu at all cost! The humiliation they suffered at Eagle Square and their unwillingness to allow power shift are much lighter than their aversion for the Asiwaju of Lagos. ABT, Anybody But Tinubu was the main agenda. Two agencies were penciled down to bring down the government and make Tinubu, a leader of governing party and Candidate of governing party, pay for it. These two agencies were the CBN and NNPC.

It was easier for CBN Governor to be brought into the ABT alliance having committed a sacrilege by being the first CBN Governor ever to run for Presidency while in office. It took President Buhari's intervention to call him to order. CBN was going to confiscate our money but it would lie to us using redomination of naira to stop corruption. Many Nigerians initially believed him until Emefiele collected all our money, emptied all the vaults of commercial banks and shut down the economy. The unseen evil forces largely succeeded on this. Everyone was cursing the ruling party, and by December 2022, the popularity of the APC has entered the ICU. Atiku and the other Ipob loser were happy, clapping for the CBN, urging Nigerians to endure till February 2023, "it is in our best interest" they said. The Tinubu campaign organisation was rattled. Commercial banks were attacked and CBN branches that have all the money were well fortified and harsh forces were on guard. At some point, to aggravate our frustration, CBN said it has burnt all the money collected. Nigerians were using cash at bank to purchase cash at hand!

No other Country has ever witnessed such, Naira was being used to buy not Dollar or a foreign Currency but Naira! Many Nigerians died of hunger and in Hospitals being satanically starved of their hard-earned Money! Never in long History of Nigeria has such wickedness being witnessed till Emefiele treated Nigerians as being less than animals. NLC was only watching, no action!

The second agency was NNPC but the unseen cabal wasn't totally successful here. They got a green light from some marketers who are stooges of these unseen evil forces and also, affiliates of Labour. But unlike CBN, NNPC Filling Stations were selling fuel 24 hours a day, they were not using teargas on Nigerians. The queue was crazily long but the service was uninterrupted! The queue was caused by the conspiracy of petrol matketers. The Cabal was not pleased with Kyari, they expected total confiscation as done by CBN but Kyari took charge of what he could control and left the rest for posterity. While Emefiele was saying he burnt the money, Kyari kept on saying that the petrol in our reserves is enough for us till after election. Some junk media under the influence of these evil forces started attacking Kyari while hailing Emefiele. WE SAW EVERYTHING.

TINUBU, in Abeokuta, had to disassociate himself from the wicked policies of the government and vowed to fight on with assurances that victory is certain!

I know and saw that Mele Kyari did his best under the wicked circumstance he found himself. He was standing against forces bigger than him and in case Atiku had won, he would be the scapegoat.
I'm happy Kyari survived it!

Now, it is convenient for anyone to attack him especially those who want his current position. Bola Ahmed Tinubu is not a small politician, he knows the game so well and he will never see white and call it black. Kyari's reappointment was personally done by him because he understands the situation perfectly and most importantly, he knows Kyari will deliver on the renewed hope agenda, he knows Kyari will always choose professionalism far above bitter politics when it matters most.

Congratulations Mele Kyari, the GCEO of NNPC. Like Nysome Wike will say, you jump am pass!

Good day to all Progressives only.....
GOD Bless Nigeria and all genuine Nigeria-loving Nigerians!

SOURCE: https://www.nairaland.com/7925792/mele-kyaris-reappointment-nnpc-md

The Criminal in the guy is far more than Nigerians have heard before. Knowing fully well that he would get kickback Percentages from all them, Emefiele has Future-disbursed (November 30th, 2023) unbelievable Billions from Nigerians Budget, signed and sent to Senate for Approval.

Like if you can guess what Buhari was telling Tinubu in this picture:

8 Likes 2 Shares

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Fredmatic(m): 12:31pm On Nov 29, 2023
Quiz of the year

Which country in the word has two different currency notes at same time?


Answer : Nigeria

15 Likes 2 Shares

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Jjhunt(m): 12:31pm On Nov 29, 2023
I PRAY GOD PROVIDE US WITH THE MONEY TO SPEND, NOT JUST LOOK AT HOW THE CHANGE THINGS.

5 Likes

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Thundafireseun: 12:31pm On Nov 29, 2023
Supreme court is Tinubu and Tinubu is Supreme Court grin

4 Likes

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Triangles1(m): 12:31pm On Nov 29, 2023
Confusion.


The new note is not as quality as old one's.

2 Likes

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by bestman09(m): 12:31pm On Nov 29, 2023
Is this really an issue? Wasting tax payers money for nothing.

2 Likes

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Austin4lif: 12:32pm On Nov 29, 2023
The federal government should pay for damages to Nigerians that lost their lives and businesses during the cashless policy.

9 Likes 4 Shares

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by money121(m): 12:32pm On Nov 29, 2023
Ok

1 Like

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by SILVERLINES: 12:32pm On Nov 29, 2023
cheesy


e concern them

na them talk befor say old naira note don condemn
na the still talk am now say it remain legal tender



useless entity call Nigeria judiciary

3 Likes

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Fredmatic(m): 12:32pm On Nov 29, 2023
What a country

1 Like

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Elsueno: 12:33pm On Nov 29, 2023
Surpeme court has ruled that elsueno can post on nairaland ๐Ÿ˜๐Ÿ˜๐Ÿ˜

1 Like

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Tajbol4splend(m): 12:33pm On Nov 29, 2023
What was the motive behind changing those notes in the first place, to stop Tinubu from becoming the President? ENSRR

4 Likes

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Johnrake69: 12:33pm On Nov 29, 2023
Lolโ€ฆ When will Supreme Court convey the next MPC meeting since theyโ€™re now incharge of monetary policy in Nigeria.

2015 Was the mistake Nigerians will live to regret.

8 Likes 1 Share

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Boyooosa(m): 12:34pm On Nov 29, 2023
Better

1 Like

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by 2mininuP: 12:35pm On Nov 29, 2023
Better, almost everyone felt the heat just like Corona virus because of one person personal agenda hmmmmmm. God bless Nigeria, God bless me.

2 Likes

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by marlow1962(m): 12:35pm On Nov 29, 2023
Lol
Apc don use naira scarcity take bang Nigerians lol, bang them anyhow with scarcity of their own money. Your old notes are invalid and the new note you did not see lol, even killer herdsmen first you see new note grin
Nigerians are one set of funny ppl lol, they used all the anger and channeled it to innocent bankers and bank. When I know that Nigerians are very foolish is when they started destroying innocent bank buildings, I was like why no go and destroy your politicians building, they are the cause. Lol funny ppl, that's why we are still where we are today.

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Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Blacktruth: 12:36pm On Nov 29, 2023
Wat a country of confusion

2 Likes

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Donaldoni: 12:36pm On Nov 29, 2023
Ok

1 Like

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Cmanforall: 12:37pm On Nov 29, 2023
Good for Nigerians

2 Likes

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by Dennisochampa: 12:38pm On Nov 29, 2023
At least we wen don save some old naira notes go get rest of mind

3 Likes 1 Share

Re: Supreme Court Rules That Old & New Naira Notes Will Co-Exist As Legal Tender by cunny88(m): 12:39pm On Nov 29, 2023
We all knew new notes were mainly to cause scarcity during elections.

3 Likes 1 Share

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