Court orders CBN to stick to 10 February validity date for old naira notes

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The court ordered President Buhari and the CBN to ensure the enforcement of the 10 February deadline for the old currency notes.

to ensure the enforcement of its 10 February deadline on the validity of the old naira notes.

The four parties – Action Alliance , Action Peoples Party , Allied Peoples Movement and National Rescue Movement – in their application alleged that the CBN’s new monetary policy was being sabotaged by Nigerian banks. In a public announcement last week, the CBN governor, Mr Emefiele, extended the deadline for legal tender status of the old N200, N500 and N1000 notes from 31 January to 10 February.

 

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For me I like this

When they say the court is the hope of the common man, they don’t mean to say Nigerian masses. BBTitians cbnwahala GRAMMYs NairaScarcity CBNGovernor

Ok

Whoever is d people behind this are looking for they will definitely see it, Be it good or bad. In my environment, we have 98% of old notes in circulation and new notes in just 2% in circulation

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