Creativity Unleashed
10 days ago, the Supreme Court allowed the use of the old N1000 and N500 until December 31. The CBN governor, Godwin Emefiele, has been silent on the issue since then. Finally, on Monday, he officially ordered commercial banks to comply with the court’s order. Also, he announced that the old notes are legal […]
As the week progresses, more commercial banks are dispensing old N1000 and N500 to their customers. At first, some banks were skeptical about giving out the old notes, but it seems a good majority of them have complied. The story in Abuja is that some banks are dispensing the old notes to people. Meanwhile, […]
Following the supreme court’s order approving the use of old N1,000, N500, and N200 notes as legal tender for 10 months, till December 31. Banks in the country have begun complying with the order. Last week, the Supreme Court ordered that the old notes be allowed in circulation with the new notes until December […]
The Supreme Court orders old notes to be in circulation till December 2023 The Supreme Court has nullified the Federal Government naira redesign policy, stating that the old Naira notes can be used till 31 December 2023. Justice Emmanuel Again, who read the lead judgement, held that the preliminary objections by the defendants (the […]
