Tag: Supreme Court
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CBN finally Bows to Pressure, says Old Naira Notes Legal Tender
Exactly 10 days after the Supreme Court judgement mandated the use of old N,1000 and N500 notes as legal tender till December 31, 2023, the Central Bank of Nigeria Governor, Godwin Emefiele, on Monday bowed to pressure and officially ordered commercial banks to comply with the court verdict. He also announced that the old N200,…
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Supreme Court Extends Old Naira Notes Validity till December 2023
The Supreme Court has extended the validity of the N200, N500, and N1,000 Naira notes till 31 December 2023 A seven-member panel of the court led by John Okoro unanimously directed that the CBN must continue to receive the old notes from Nigerians The court held that the directive of President Muhammadu Buhari for the…
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Supreme Court Adjourns Hearing on Naira Crisis
The Supreme Court sitting in Abuja on Wednesday adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023. The three states filed the suit against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of…
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BREAKING: Supreme Court stops CBN from ending use of old Naira notes February 10
The Supreme Court gave the order in a suit filed by three APC-controlled states – Kaduna, Kogi and Zamfara. The Supreme Court Wednesday gave an interim order stopping the central bank from ending the use of old naira notes from 10 February, the News Agency of Nigera (NAN) reports. The Supreme Court gave the…
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Supreme Court Confirms Yahaya Bello as Kogi State Governor
Governor Yahaya Bello has been confirmed as the Governor of Kogi State by the Supreme Court. The apex court dismissed the appeal of Musa Wada of the Peoples Democratic Party who had challenged the November 16 2019 elections. A seven-man panel which was headed by the Chief Justice of Nigeria, Tanko Mohammed, unanimously confirmed Bello…