Old Naira Notes Remain Legal Tender, Supreme Court Insists

The Supreme Court on Wednesday said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old N200, N500 and N1,000 notes still stands.

This clarification became necessary following a complaint by the Counsel to Kaduna, Kogi and Zamfara states, Mr Abdulhakeem Mustapha, that the Federal Government and its agencies have failed to comply with the order and have allegedly directed the rejection of the old notes.

The Supreme Court further fixed February 22 for the hearing of the suit filed by Kaduna, Kogi and Zamfara states challenging the propriety of the naira swap policy of the Federal Government.