The judiciary has mandated the Central Financial institution of Nigeria (CBN) to facilitate a harmonious coexistence of each legacy and modern notes till year-end, thereby offering a welcome reprieve to residents of the nation.
The court docket trumps Buhari: Moreover, the court docket invalidated and disregarded all directions given by President Muhammadu Buhari concerning the redesign and circulation of the naira as a consequence of their illegality and government energy abuse.
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The apex court docket served a rebuke to President Buhari for disregarding its non permanent directive of February 8, 2023, which authorised the continued circulation of the outdated naira.
Justice Emmanuel Akomaye Agim declared that the President’s proclamation on February 16, 2023, whereby solely N200 notes had been deemed acceptable, amounted to an unprecedented zenith of disobedience.
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