Thursday, October 9, 2025
  • Who’sWho Africa AWARDS
  • About TimeAfrica Magazine
  • Contact Us
Time Africa Magazine
  • Home
  • Magazine
  • WHO’SWHO AWARDS
  • News
  • World News
    • US
    • UAE
    • Europe
    • UK
    • Israel-Hamas
    • Russia-Ukraine
  • Politics
  • Crime
  • Lifestyle
  • Sports
  • Column
  • Interviews
  • Special Report
No Result
View All Result
Time Africa Magazine
  • Home
  • Magazine
  • WHO’SWHO AWARDS
  • News
  • World News
    • US
    • UAE
    • Europe
    • UK
    • Israel-Hamas
    • Russia-Ukraine
  • Politics
  • Crime
  • Lifestyle
  • Sports
  • Column
  • Interviews
  • Special Report
No Result
View All Result
Time Africa Magazine
No Result
View All Result
  • Home
  • WHO’SWHO AWARDS
  • News
  • Magazine
  • World News

Home » News » Old naira notes remain valid till December, says Supreme Court

Old naira notes remain valid till December, says Supreme Court

March 3, 2023
in News
0
542
SHARES
4.5k
VIEWS
Share on FacebookShare on Twitter

Abuja, NIGERIA —The Supreme Court on Friday ordered that the old N200, N500, N1,000 notes should remain in circulation till December 31, 2023.

The apex court also nullified the Federal Government’s naira redesign policy, declaring it as an affront to the 1999 Constitution.

The Supreme Court delivered judgement in the suit brought against the Federal Government on the naira redesign policy.

Sixteen states of the Federation instituted the suit to challenge the legality or otherwise of the introduction of the policy.

The 16 states led by Kaduna, Kogi and Zamfara are praying the apex court to void and set aside the policy on the ground that it is inflicting hardships on innocent Nigerians.

ReadAlso

EFCC declares Emefiele’s wife, three others wanted

CBN: President Tinubu gives damning verdict, says Nigeria’s financial system ‘rotten’ under Emefiele

They accused President Muhammadu Buhari of usurping the function of the Central Bank of Nigeria (CBN) in the introduction and implementation of the policy and asked that the directive issued by Buhari be voided.

On its part, the Federal Government challenged the jurisdiction of the Apex Court on the grounds that the CBN was not joined as a party and that the dispute on the policy ought to be directed at the CBN so that the suit can be referred to the Federal High Court.

ADVERTISEMENT

A seven-member panel of justices presided over by Justice Inyang Okoro had on February 22 adjourned to March 3 for judgment after consolidating the suits filed by the various states and taking arguments in the matter.

The 16 states now on the list of plaintiffs include: the original plaintiffs – Kaduna, Kogi, Zamfara – and the seven that were joined on 15 February – Cross River, Sokoto, Lagos, Ogun, Katsina, Ondo, and Ekiti states.

The rest are the six others that were joined on Wednesday – Nasarawa, Niger, Kano, Jigawa, Rivers and Abia states.

Tags: Central Bank of Nigeria (CBN)naira notes.
ADVERTISEMENT
Previous Post

Greece Train Crash: At least 36 dead, 66 injured after 2 trains collide

Next Post

Exclusive: South Korea doesn’t need nuclear weapons to face the North, prime minister says

You MayAlso Like

News

President Tinubu Pardons Herbert Macaulay, Vatsa, Lawan, Grants Clemency to 82 Inmates

October 9, 2025
News

National Council of State Unanimously Approves Appointment of Professor Amupitan as INEC Chairman

October 9, 2025
News

Central African Republic become 46th member of AFC

October 8, 2025
News

Next Steps for African Energy: APPO Must Choose a Visionary Leader to Secure Its Future

October 8, 2025
Prince Harry watching an anti-poaching exercise in Malawi in 2019 during a royal tour of Africa to visit his charities (Getty)
News

Chad Cuts Ties with Charity Linked to Prince Harry

October 8, 2025
News

Sudanese militia leader convicted of war crimes

October 8, 2025
Next Post

Exclusive: South Korea doesn’t need nuclear weapons to face the North, prime minister says

Enugu LP Governorship Candidate Chijioke Edeoga in trouble over alleged N2bn fraud, as lawyers petition EFCC

Discussion about this post

Kingdom in Crisis: Ogwashi-Uku Rejects Obi’s Land Grab, Villages Ready to Declare Autonomy

Faked or Factual: UNN Contradictory Claims on Minister Uche Nnaji Certificate Raise Questions of Credibility

Woman appointed Archbishop of Canterbury 

A Minister of Lies?: Uche Nnaji’s Certificate Scandal and the Collapse of Credibility in Nigerian Governance

Certificate Scandal: University of Nigeria Declares Minister Uche Nnaji Never Graduated

Nigeria’s Anglican Church Rescinds Ties with Canterbury Amid Controversy Over ‘Pro-Gay’ Female Archbishop

  • British government apologizes to Peter Obi, as hired impostors, master manipulators on rampage abroad

    1242 shares
    Share 497 Tweet 311
  • Maids trafficked and sold to wealthy Saudis on black market

    1067 shares
    Share 427 Tweet 267
  • Flight Attendant Sees Late Husband On Plane

    974 shares
    Share 390 Tweet 244
  • ‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

    905 shares
    Share 362 Tweet 226
  • Crisis echoes, fears grow in Amechi Awkunanaw in Enugu State

    735 shares
    Share 294 Tweet 184
  • Trending
  • Comments
  • Latest

British government apologizes to Peter Obi, as hired impostors, master manipulators on rampage abroad

April 13, 2023

Maids trafficked and sold to wealthy Saudis on black market

December 27, 2022
Flight Attendant Sees Late Husband On Plane

Flight Attendant Sees Late Husband On Plane

September 22, 2023
‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

March 21, 2023
Chief Mrs Ebelechukwu, wife of Willie Obiano, former governor of Anambra state

NIGERIA: No, wife of Biafran warlord, Bianca Ojukwu lied – Ebele Obiano:

0

SOUTH AFRICA: TO LEAVE OR NOT TO LEAVE?

0
kelechi iheanacho

TOP SCORER: IHEANACHA

0
Goodluck Ebele Jonathan

WHAT CAN’TBE TAKEN AWAY FROM JONATHAN

0

President Tinubu Pardons Herbert Macaulay, Vatsa, Lawan, Grants Clemency to 82 Inmates

October 9, 2025

National Council of State Unanimously Approves Appointment of Professor Amupitan as INEC Chairman

October 9, 2025

Central African Republic become 46th member of AFC

October 8, 2025

Next Steps for African Energy: APPO Must Choose a Visionary Leader to Secure Its Future

October 8, 2025

ABOUT US

Time Africa Magazine

TIMEAFRICA MAGAZINE is an African Magazine with a culture of excellence; a magazine without peer. Nearly a third of its readers hold advanced degrees and include novelists, … READ MORE >>

SECTIONS

  • Aviation
  • Column
  • Crime
  • Europe
  • Featured
  • Gallery
  • Health
  • Interviews
  • Israel-Hamas
  • Lifestyle
  • Magazine
  • Middle-East
  • News
  • Politics
  • Press Release
  • Russia-Ukraine
  • Science
  • Special Report
  • Sports
  • TV/Radio
  • UAE
  • UK
  • US
  • World News

Useful Links

  • AllAfrica
  • Channel Africa
  • El Khabar
  • The Guardian
  • Cairo Live
  • Le Republicain
  • Magazine: 9771144975608
  • Subscribe to TIMEAFRICA MAGAZINE biweekly news magazine

    Enjoy handpicked stories from around African continent,
    delivered anywhere in the world

    Subscribe

    • About TimeAfrica Magazine
    • Privacy Policy
    • Contact Us
    • WHO’SWHO AWARDS

    © 2025 TimeAfrica Magazine - All Right Reserved. TimeAfrica Magazine Ltd is published by Times Associates, registered Nigeria. Use of this site constitutes acceptance of our Terms of Service.

    No Result
    View All Result
    • WHO’SWHO AWARDS
    • Politics
    • Column
    • Interviews
    • Gallery
    • Lifestyle
    • Special Report
    • Sports
    • TV/Radio
    • Aviation
    • Health
    • Science
    • World News

    © 2025 TimeAfrica Magazine - All Right Reserved. TimeAfrica Magazine Ltd is published by Times Associates, registered Nigeria. Use of this site constitutes acceptance of our Terms of Service.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.