CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender - Politics

CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender (95763 Views)

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CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by EgobiambuEmmanuel(op): 9:51pm On Mar 13, 2023

The Central Bank of Nigeria (CBN) on Monday said old N200, N500, and N1,000 banknotes 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.

https://www.channelstv.com/2023/03/13/breaking-cbn-breaks-silence-says-old-n200-n500-n1000-notes-remain-legal-tender-till-dec-31/

61 Likes 11 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Xhurskid: 9:53pm On Mar 13, 2023

What they will debunk now

246 Likes 15 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by izenco2005(m): 9:54pm On Mar 13, 2023

After hungry done wipe me tire grin

426 Likes 24 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by REDshouse(m): 9:55pm On Mar 13, 2023

Tinubu won emiefiwere

441 Likes 39 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by OkutaNla: 9:55pm On Mar 13, 2023

Smh. Emefiewele just wanted to punish Nigerians for reasons best known to him. Las las, what was the point of the policy, if we're now back to square 1? After all the suffering he and Buhari put Nigerians through. Emefiewele, ONKR o.

362 Likes 18 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by MuchAdo: 9:55pm On Mar 13, 2023*

Okay o

I am not excited at all angry

Buhari and Emefiele will still not die well... angry

Have the banks been directed to collect the old notes without CBN code or not huh

245 Likes 14 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by searchng4love: 9:55pm On Mar 13, 2023

ebekebe punched beyond his height

62 Likes 7 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Ofunaofu: 9:56pm On Mar 13, 2023*

Okay

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by LegendHero(m): 9:56pm On Mar 13, 2023*

The court should have declared warrant of arrest against this Elemiwele since and make sure he is jailed for 10 years with hard labor.

The man purposely plunged the nation into needless cash scarcity coupled with the inability of the banking system architecture to handle concurrent cash transactions which resulted into irregular transfers and loss of money.

Buhari government usually always just reinvent the wheel to cause more hardship. Now the economy is deeply affected and we’ve lost lot of things to this cash nonsense.

I’m sure even Elemiewele will not be able to pinpoint to one thing we gained as a nation from this nonsense.

236 Likes 22 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by gfelo(m): 9:57pm On Mar 13, 2023*

May the blood of those that died because of this policy judge buhari and emefiele and their generation to come. Iseyyyy

449 Likes 29 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Ventura1: 9:57pm On Mar 13, 2023

Were man, he was scared the moment presidency release the statement.

48 Likes 7 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Alba3: 9:57pm On Mar 13, 2023

Emefiele really suffer people. These people in CBN should not escape punishment. They ruined lots of people, businesses and torment lots of Nigerians, young and old.

281 Likes 19 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by kokoA(m): 9:59pm On Mar 13, 2023

It is only God that will punish that Emefailure of a man for me. See as my business almost crumbled because of that man with head like calabash.

220 Likes 10 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by stonemasonn: 10:00pm On Mar 13, 2023

Lol, Buhari will always abandon you and claim innocent.

143 Likes 8 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Stkutsu(m): 10:00pm On Mar 13, 2023

The clueless bald headed criminal Don finally talk..if I by any chance see this heartless thief for heaven I go do end SARS for heaven

90 Likes 10 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Godsfrezx: 10:01pm On Mar 13, 2023*

Peter Obi

46 Likes 4 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Montegue(m): 10:03pm On Mar 13, 2023

CBN papa

11 Likes 2 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Enddy50ty(m): 10:03pm On Mar 13, 2023*

This APC and Buhari’s regime has rubbished court judgements in this country and the judiciary at large.

Imagine where the president has to approve court judgments or will I say give orders for the judgements to be obeyed.

69 Likes 4 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Oddfinder012: 10:04pm On Mar 13, 2023

Worst set of administrators in the history of the country

64 Likes 8 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Faber(m): 10:04pm On Mar 13, 2023

Junk country controlled by junkies, dullards and drug barons...

The most useless black nation on Earth.

47 Likes 2 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by EyezofGod120: 10:04pm On Mar 13, 2023

Una mind no fit touch ground

15 Likes 1 Share

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Nairalander248: 10:04pm On Mar 13, 2023*

After all the.sufferings??

8 Likes

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by ALABACONNECT(m): 10:04pm On Mar 13, 2023

After all the stress they made the citizens go through. It is well

34 Likes 4 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Nobody: 10:04pm On Mar 13, 2023

Nonsense pple

6 Likes 1 Share

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by NIGERIAisComedy: 10:04pm On Mar 13, 2023

OkutaNla:
Smh. Emefiewele just wanted to punish Nigerians for reasons best known to him. Las las, what was the point of the policy, if we're now back to square 1? After all the suffering he and Buhari put Nigerians through. Emefiewele, ONKR o.

Watch as people come to blame Obi and Atiku that are in no way afilliated with this government.

Yet they exalt Bulaba, that brought mad hardship to Nigerians in the form of BuBU, all because of EMI LO KAN.

Bulaba brought NEPA bill herdsman ex coup plotter and the people rejoiced, singing, praise you Bulaba, for you have brought us BUBU.

Sane minds were and still are befuddled, perplexed, disoriented, bemused, but most importantly, they were/are CORNfused at how Nigerians will chose characters like BuBU and BuLaBa.

Nigeria is a Comedy and the joke is on us.

26 Likes 3 Shares

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Klington: 10:04pm On Mar 13, 2023

Re: CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender by Nobody: 10:04pm On Mar 13, 2023*

Thunder fire them!
The whole thing bounced hard on the citizens.
The citizens suffered and endured too much for this crazy govt.
* In 2015, boarders were closed to stop importations meanwhile the production ratio for food crop was low. Eventually, it led to rise in dollars. The purpose was defeated.
Now, it's new note. There was no infrastructural development in terms of internet banking to reduce hardship of cashless economy.
It's like Buhari just make decisions without proper thinking.
Iru were wo niyen?

58 Likes 8 Shares