Old Naira notes are still valid – Supreme Court says

The Supreme Court has restated that the old Naira notes including 200, 500, and 1000 Naira are still legal tender.

The court made the clarification on said its February 8 order, which called for a half of further action.

Recall that the Supreme court suspended the implementation of the February 10 deadline by the CBN on the 8th of February.

The court made the clarification on Wednesday, February 15, shortly after adjourning a suit filed by some state governments to challenge the naira redesign policy of the Central Bank of Nigeria, CBN.

The Supreme Court adjourned the case till Wednesday, February 22 for a hearing of the consolidated suits by 10 states including Kogi, Kaduna, and Zamfara States, among others.