Friday, 03 March 2023 11:42

Supreme Court extends validity of old Naira notes, rebukes Buhari for disobedience of court order

Rate this item
(0 votes)

The Supreme Court has extended the the validity of the N200, N500, and N1,000 notes till 31 December.

A seven-member panel of the court led by John Okoro unanimously directed that the CBN must continue to receive the old notes from Nigerians

The court held that the directive of President Muhammadu Buhari for the redesign of the new notes and withdrawal of the old notes without due consultation is invalid.

Emmanuel Agim, a member of the panel, who read the lead judgement, also condemned President Muhammadu Buhari’s disobedience of the court’s 8 February order that the old N200, N500, and N1,000 notes should continue to circulate alongside the new ones.

He said the president’s broadcast of 16 February that only N200 notes should remain legal tender made Nigeria’s democracy look like a mere pretension while democracy is replaced with autocracy.

 

PT

March 28, 2024

A Nigerian woman reviewed some tomato puree online. Now she faces jail - CNN

Chioma Okoli, a 39-year-old entrepreneur from Lagos, is being prosecuted and sued in civil court …
March 28, 2024

LP re-elects Abure as national chairman despite INEC’s absence at convention

Labour Party (LP) has announced that it has reserved its 2027 presidential ticket for the…
March 24, 2024

4 simple ways to eat for longevity

To increase your longevity, you can make some small changes to your eating patterns. “Diet…
March 23, 2024

Celebration or desecration? England’s cathedrals open doors to silent discos

It was a night of old favourites and modern anthems. More than 400 people paid…
March 27, 2024

Nigerians react as bandit flaunts bales of cash collected as ransom on TikTok

Reactions have trailed bandits seen in viral videos displaying cash supposedly collected from victims. Videos…
March 28, 2024

What to know after Day 763 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Putin issues F-16 warning to Ukraine sponsors Should the US-made fighter jets make…
March 03, 2024

Scientists may have finally solved the mystery of consciousness. Their discoveries are troubling

Throughout history, attempts by mere mortals to plumb the inner recesses of the soul have…
March 09, 2024

Nigeria-born Joshua defeats Cameroon’s Ngannou with second-round knockout

Two-time world champion Anthony Joshua knocked out mixed martial arts star Francis Ngannou in just…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.