Old Naira Notes Deadline: 3 Things to Know About Supreme Court Judgement on CBN policy.
However, the Supreme Court on Wednesday, February 8, gave a contrary judgement. The apex court suspended the February 10 deadline for the swap of old naira notes with new ones given by the CBN. Recall that the apex bank had moved the deadline earlier set for the expiration of the legal tender status of the old notes from January 31 to February 10 after the CBN governor, Godwin Emefiele, met with President Muhammadu Buhari.
Despite the extension of the deadline, the situation has remained unchanged as Nigerians are unable to get the new notes while the old notes are being sold to them by Point of Sales (PoS) vendors
Will the Supreme Court judgement finally address the naira notes crisis? Here are three major facts about the apex court's ruling.
SOURCE- LEGIT
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