• Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

BREAKING: Supreme Court Validates Old Notes Till Dec 31

Adam PR by Adam PR
March 3, 2023
in NEWS
0
‘It Is Not True’ – President Buhari Speaks On Deadline For Old Notes
19.7k
SHARES
22.4k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook
Share This News

The supreme court  on Friday has nullified the naira redesign policy introduced by the Central Bank of Nigeria (CBN) and the Buhari-led administration.

The court made the declaration on Friday while delivering judgment in a suit instituted by three states of the federation.

A seven-member panel of the apex court held that the old N200, N500 and N1000 remain valid legal tender until 31 December 2023.

The supreme court faulted the entire policy of the CBN, saying the timing and implementation were defective.

In October 2022, Godwin Emefiele, CBN governor, announced the plan to redesign the naira to control money supply and aid security agencies in tackling illicit financial flows.

The redesigned naira notes were unveiled on December 23, 2022.

ALSOREAD

BREAKING: CBN Validates Old Notes As Legal Tender

BREAKING: Old Notes: Comply With Court Order – President Buhari Orders Emefiele

JUST IN: Emefiele Has Confirmed Re-circulation Of Old Notes – Soludo

BREAKING: CBN Approves Circulation Of Old Notes

BREAKING: Banks Resume Old Notes Circulation

The deadline for the implementation of the policy was fixed for January 31, 2023, but it was further extended to February 10.

On February 3, a suit was initiated by Kaduna, Kogi, and Zamfara before the supreme court challenging the implementation of the policy.

Five days later, the supreme court restrained the CBN from giving effect to the deadline on the use of old notes following an ex parte application brought by the three states.

Thirteen (13) other states later joined the suit as co-plaintiffs. The states argued that the implementation of the policy has caused untold hardship for Nigerians.

Abubakar Malami, the attorney-general of the federation (AGF), who is the sole respondent, had, however, filed a preliminary objection to the suit.

The AGF argued that the supreme court lacks the jurisdiction to entertain the matter and that the suit ought to have been filed before a federal high court.

Malami also said the plaintiffs failed to join the CBN in the suit.

Kindly Share This News On Social Media

JOIN US ON TWITTER

Follow DAILY GIST on Twitter for more BREAKING NEWS

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News
Tags: old notesSupreme Court
Previous Post

FULL LIST: Six Nigerian Governors Ask Supreme Court To Nullify Tinubu’s Victory

Next Post

JUST IN: Old Notes: CBN Breaks Silence On Supreme Court Ruling

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 07069173969

Related Posts

BREAKING: NLC Declares Nationwide Strike
NEWS

BREAKING: NLC Declares Nationwide Strike

March 22, 2023
BREAKING: Abba Kyari Loses In Court
NEWS

BREAKING: Abba Kyari Loses In Court

March 22, 2023
BREAKING: BVAS: INEC Wins Peter Obi In Court
NEWS

BREAKING: INEC Uploads Election Results Via BVAS

March 18, 2023
BREAKING: ICC Issues Arrest Warrant For Putin
NEWS

BREAKING: ICC Issues Arrest Warrant For Putin

March 17, 2023
Anti-corruption CSOs, constitutional lawyers petition Buhari, demand probe of EFCC under Bawa
NEWS

Anti-corruption CSOs, constitutional lawyers petition Buhari, demand probe of EFCC under Bawa

March 16, 2023
JUST IN: FG Proposes New Date For Census
NEWS

BREAKING: FG Shifts 2023 Population Census

March 15, 2023
Next Post
BREAKING: Arrest Warrant: Reps Grill CBN Governor, Emefiele

JUST IN: Old Notes: CBN Breaks Silence On Supreme Court Ruling

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • BREAKING: LP Governorship Candidate, GRV Loses Polling Unit To Sanwo-Olu

    BREAKING: LP Governorship Candidate, GRV Loses Polling Unit To Sanwo-Olu

    19712 shares
    Share 7885 Tweet 4928
  • BREAKING: INEC Postpones Governorship Election In Lagos

    19707 shares
    Share 7883 Tweet 4927
  • BREAKING: NLC Declares Nationwide Strike

    19702 shares
    Share 7881 Tweet 4926
  • BREAKING: APC Campaign DG Found Dead

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: CBN Approves Circulation Of Old Notes

    19821 shares
    Share 7928 Tweet 4955
  • BREAKING: I Won Lagos Guber Election — LP Candidate, GRV

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: INEC Declares Adamawa Governorship Election Inconclusive

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: Tinubu Rules Out Govt Of National Unity

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: Labour Party Wins First Governorship Election

    20439 shares
    Share 8176 Tweet 5110
  • BREAKING: APC, PDP Clash In Oyo

    20432 shares
    Share 8173 Tweet 5108

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved