Masses Wins As Supreme Court Slams Buhari, Says Old Naira Notes Remain Legal Tender Till Dec. 31

 

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The Supreme Court, on Friday, nullified the ban on use of the old N200, N500 and N1000 banknotes as legal tenders.

The apex court, however, slammed President Muhammadu Buhari for disobeying its interim order that halted the full implementation of the new monetary policy.

The court in a unanimous decision by a seven-member panel of Justices, held that the old banknotes should remain valid legal tenders until December 31.

In the lead judgement that was delivered by Justice Emmanuel Agim held that the old Naira notes should be used alongside the redesigned currencies.

It faulted President Muhammadu Buhari for introducing the demonization policy, without due consultation with the Council of States, the Federal Executive Council, the Civil Society and other relevant stakeholders.

 

…Details Later