By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) has declared the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till Dec. 31, 2023. The CBN Acting Director, Corporate Communications, Alhaji lsa AbdulMumin, who disclosed this in a statement issued on Monday,...
Supreme Court
The Central Bank of Nigeria (CBN), on Monday, said that the old N200, N500 and N1,000 banknotes remain legal tender till Dec. 31. According to a statement by Isa AbdulMumin, CBN’s Acting Director, Corporate Communications, this is in compliance with the March 3 judgment of the Supreme Court. The...
By DAVID IORJA, Abuja – The Presidency on Monday said it never directed the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele and the Attorney-General of the Federation, Abubakar Malami, not to comply with the ruling of the Supreme Court on the naira redesign policy. The president’s spokesman,...
By BARBARA KALU, Umuahia – The Abia Government says it will sanction any person, group or business entity that rejects the old 500 and 1,000 naira notes for business transactions. The threat is contained in a statement issued by the Secretary to the State Government, Mr Chris Ezem, and...
The Bayelsa Government on Saturday called on the the Central Bank of Nigeria (CBN) to respect the judgment of the Supreme Court and ease the hardships of citizens caused by the new Naira policy. The government also appealed for calm amidst the challenges faced by Nigerians following the Naira...
Some Nigerians have expressed regrets for collecting the old N500 and N1,000 notes from commercial banks, after the Supreme Court judgment validating it as legal tender till Dec. 31. They told the News Agency of Nigeria (NAN) in separate interviews that it had been challenging spending the two old...
By OJOMA PETER, Lokoja – Kogi State Governor, Yahaya Bello has threatened to arrest and prosecute those rejecting the old Naira notes. The governor stated this in a statement issued by Bello’s Commissioner for Information and Communications, Mr Kingsley Fanwo in Lokoja. It would be recall that the Supreme...
The Supreme Court on Friday affirmed Rufai Hanga as Senator-elect for Kano Central Senatorial District under the platform of the New Nigeria People’s Party (NNPP). In the Judgment prepared by Justice Uwani Aba-Aji but delivered by Justice Emmanuel Agim, the court held that the INEC’s appeal lacked merit and...
Commercial banks in the Federal Capital Territory (FCT), have started issuing the old Naira notes to customers. The News Agency of Nigeria (NAN) checks at some banks in Abuja on Wednesday, revealed that customers thronged banks to collect the notes while some rejected them. Mr Ifeanyi Udenna, a customer...
The Central Bank of Nigeria (CBN) has been warned against the consequences of disregarding the Supreme Court’s judgment directing that the old naira notes should co-exist with the new one until Dec. 31. Mr Seun Abimbola, a former Attorney-General and Commissioner for Justice in Oyo State, gave the warning...
The Supreme Court on Tuesday affirmed Akan Udofia as the duly nominated All Progressives Congress (APC) governorship candidate in Akwa Ibom State. A former senator, Ita Enang, had sought to nullify Udofia’s nomination as the governorship candidate of the party in the state. Delivering the judgement, a five-member panel...
Nigerians are yet to access the new and old Naira notes days after the Supreme Court order reverting the Central Bank of Nigeria (CBN) directive to stop its use as legal tender from Feb. 10. The News Agency of Nigeria (NAN) reports that Deposit Money Banks (DMBs) in Abuja...
The Supreme Court on Monday affirmed the nomination of Dr Dauda Lawal-Dare as the properly nominated governorship candidate of the People’s Democratic Party (PDP)in Zamfara State for the March 11 governorship election. The Apex Court in a unanimous delivered by Justice Adamu Jauro, the 5-man panel of Justices dismissed...
Business operators in the Federal Capital Territory (FCT) Abuja say they are anxious to hear from President Muhammadu Buhari and/or the Central Bank over validity of old Naira notes. The business operators were reacting to the Supreme Court ruling that the old N500 and N1000 notes remained legal tender...
By JOY ADARA, Abuja – The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to reveal plans his administration is taking to obey the recent Supreme Court order on the naira redesign. Last week, the Supreme Court extended the validity of the old N200, N500, and...
By OLA MODUPE, Lagos – Following the invalidation of the restrictions on the old Naira notes under the Naira redesign policy by the Supreme Court on Friday, The Human and Environmental Development Agenda (HEDA Resource Centre) has charged the Central Bank of Nigeria and the Economic Financial Crime Commission...
Alhaji Sani Abdullahi Shinkafi, chieftain of the All Progressives Congress (APC) in Zamfara, has urged the Federal Government to respect the Supreme Court judgment and allow Nigerians to use the old Naira notes concurrently with the redesigned notes. Shinkafi, who made the appeal while addressing newsmen in Gusau on...
Seven state governments controlled by the Peoples Democratic Party (PDP) have withdrawn the suit they filled against the federal government over the conduct and subsequent collation and announcement of the Feb. 25 Presidential and National Assembly elections. The Notice of Discontinuance signed by their lawyer, Mr. Mike Ozekhome SAN...
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has hailed the decision of the Supreme Court, which invalidated the deadline for the currency policy introduced by the Central Bank of Nigeria (CBN), extending it to Dec.31 , 2023. This is contained in a statement issued by Mr...
The Supreme Court on Friday ordered that old N200, N500, and N1,000 notes remain in circulation till December 31, 2023. The apex court also nullified the Federal Government’s naira redesign policy, declaring it as an affront to the 1999 Constitution. Justice Emmanuel Agim, who read the lead judgement, held...