New naira: FG, CBN will act after Supreme Court ruling – Presidency
The Presidency has said that neither the Federal Government nor the Central Bank of Nigeria had taken a stand on the continued use of the old N200, N500 and N1,000 notes as legal tenders seeing that the case is still pending before the Supreme Court, which will hear it today (Wednesday).
The Presidency has said that neither the Federal Government nor the Central Bank of Nigeria had taken a stand on the continued use of the old N200, N500 and N1,000 notes as legal tenders seeing that the case is still pending before the Supreme Court, which will hear it today (Wednesday).
The Senior Special Assistant to the President on media and Publicity, Garba Shehu, said the FG would make its position on the new naira policy known after the determination of the suit on Wednesday.
In a response to our correspondent on Tuesday, he said “Following series of enquiries, we wish to state that it is not true that the FG or the CBN has taken a pre-emptive action on the legality of currency as a legal tender in view of the pendency of the case before the Supreme Court.
SOURCE- PUNCH
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