Nigeria old naira notes latest news.
The Central Bank of Nigeria (CBN) has confirmed that the old N200, N500, and N1,000 notes will be valid until December 31, 2023.
Isa AbdulMumin, acting director of corporate communications for the central bank, made the announcement on Monday.
AbdulMumin stated that the CBN made the decision based on the 3 March 2022 Supreme Court ruling.
Read Also UNICAL Professor of Political Science, Felix Akpan Found Dead Inside His Room With Multiple Stabs
“Accordingly, the Central Bank of Nigeria (CBN) met with the Bankers’ Committee and directed that the old N200, N500, and N1000 banknotes remain legal tender alongside the redesigned banknotes until December 31, 2023.
“Consequently, all parties are directed to conform accordingly,” read a portion of the statement.
Pay Attention to I never told you to disobeyed Supreme Court order — Buhari tells CBN governor and Malami
The CBN’s statement on Nigeria old naira notes comes after President Muhammadu Buhari absolved himself of any responsibility for the apex bank’s failure to obey the nation’s highest court.
JAMB Mock Exam 2023 Postponed. See New Date
