President Muhammadu Buhari has said he will take a decision on the legality of the old currency notes of N200, N500 and N1000 after the determination of the suit filed by some state governments at the Supreme Court.
DAILY GIST recalls that three states, Kogi, Kaduna and Zamfara had dragged the federal government to the Supreme Court, seeking the extension of the February 10 deadline by the Central Bank of Nigeria (CBN) should be extended.
The court had fixed February 15 to detetmine the suit.
But the apex bank stated that the February 10 deadline stands and the old notes are no longer legal tender.
However, President Buhari revealed that a decision will only be made after the determination of the suit in the Supreme Court today.
Buhari spoke through his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu.
“We wish to state that it is not true that the Federal Government or the Central Bank of Nigeria, CBN, have taken a preemptive action on the legality of currency as a legal tender in view of the pendency of the case before the Supreme Court.
“The position of the government and the CBN will be made known upon the determination of the suit coming up today(Wednesday).”
