ADVERTISEMENT

BREAKING: Supreme Court trumps Buhari as old naira notes to stay till December 31

The apex court served a rebuke to President Buhari for disregarding its temporary directive of February 8...

Old Naira notes

On Friday, March 03, 2023, the Supreme Court mandated the continued circulation of the old naira notes until December 31, 2023; the end of this year.

The judiciary has mandated the Central Bank of Nigeria (CBN) to facilitate a harmonious coexistence of both legacy and contemporary notes until year-end, thereby providing a welcome reprieve to citizens of the nation.

The court trumps Buhari: Furthermore, the court invalidated and disregarded all instructions given by President Muhammadu Buhari regarding the redesign and circulation of the naira due to their illegality and executive power abuse.

The apex court served a rebuke to President Buhari for disregarding its temporary directive of February 8, 2023, which authorised the continued circulation of the old naira.

ADVERTISEMENT

Justice Emmanuel Akomaye Agim declared that the President's proclamation on February 16, 2023, wherein only N200 notes were deemed acceptable, amounted to an unprecedented zenith of disobedience.

More to come

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Tunde Onakoya raises over ₦131m after playing chess for 60 hours to set world record

Tunde Onakoya raises over ₦131m after playing chess for 60 hours to set world record

Unsatisfied customer shows up at restaurant with a bomb — that escalated quickly

Unsatisfied customer shows up at restaurant with a bomb — that escalated quickly

Reno Omokri offers Obi supporters $10k - nobody has won over 24 hours after

Reno Omokri offers Obi supporters $10k - nobody has won over 24 hours after

Ganduje hit with fresh suspension by another APC ward in Kano

Ganduje hit with fresh suspension by another APC ward in Kano

MKO family disowns late patriarch's widow championing Yoruba Nation cause

MKO family disowns late patriarch's widow championing Yoruba Nation cause

Primary school in Lagos defends charging pupils ₦42 million per year

Primary school in Lagos defends charging pupils ₦42 million per year

I'm happy my successor still honours me; it's fighting in many states — Umahi

I'm happy my successor still honours me; it's fighting in many states — Umahi

Movie in the Park collaborates with Yhemo Lee for the All Black Edition

Movie in the Park collaborates with Yhemo Lee for the All Black Edition

Lagos govt clamps down on illegal estates in Alaro City, other areas in Epe

Lagos govt clamps down on illegal estates in Alaro City, other areas in Epe

Pulse Sports

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

ADVERTISEMENT
ADVERTISEMENT