CityNews Nigeria reports that the states urged the Supreme Court to compel President Muhammadu Buhari, the CBN, and commercial banks to rescind the February 10 deadline for the old N200, N500, and N1,000 banknotes as Nigeria’s legal tender
Ruling last week Wednesday, the Supreme Court ordered the Federal Government to halt the implementation of the currency redesign policy pending the determination of the substantive suit.
CityNews Nigeria reported that the apex court, in a unanimous ruling, restrained the Federal Government, CBN, and commercial banks from implementing the deadline for the old 200, 500, and 1000 naira notes to stop being a legal tender.
The apex court also stopped the three defendants from continuing with the deadline pending the determination of a notice in respect of the issue.
CityNews reports that the apex court is set to take a decision of the contentious matter today.
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