Governor Bello Mohammed Matawalle of Zamfara State has described the recent Supreme Court verdict on old currency notes and subsequent compliance by the Central Bank of Nigeria, CBN, as a victory for all Nigerians. The Governor said that the Court judgement, which culminated in the reversal of the earlier Central Bank of Nigeria, CBN, rash […]
Old Naira Notes: CBN compliance to Supreme Court order victory for poor masses – Matawalle
The Kogi State Government on Friday ordered the arrest aNd prosecution of individuals and businesses rejecting the old naira notes. A statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme Court”. The apex court last week ruled that both the old and new naira notes remain legal tenders […]
Kogi govt orders arrest of persons, businesses rejecting old naira notes
Edo State Governor, Godwin Obaseki, has appealed to residents of the state to accept the old naira notes. His appeal comes after the Supreme Court ruled that the old N500 and N1000 notes remain legal tender till December 31, 2023. The Edo State Government is one of the co-defendants with the federal government against Kaduna […]
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Some traders in Lagos have said they would not accept the old naira notes of N500 and N1,000, until President Muhammadu Buhari gives the order. The traders who spoke to the News Agency of Nigeria (NAN) in separate interviews said that they were being careful and at the same time, waiting for the Central Bank […]
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Indications have emerged that customers who are accepting old N1000 and N500 notes from their banks are doing so on their own. This is because such customers would not be able to deposit the same old notes in banks at the moment until the Central Bank of Nigeria (CBN) orders commercial banks to start paying […]
Abubakar Malami, attorney-general of the federation (AGF), on Thursday said President Muhammadu Buhari has not acted in breach of the Supreme Court’s injunction preventing the federal government from imposing a deadline on the use of old naira notes. Malami stated this while speaking at the 67th ministerial press briefing at the state house. He said […]
Old Naira notes: Buhari govt not in breach of Supreme Court order – Malami
National vice president of Ohaneze Ndigbo Worldwide, Chief Damian Okeke-Ogene has faulted the state governors countering President Muhammadu Buhari’s position on the naira redesign and withdrawal of old N500 and N1000 notes from circulation, saying they have no right whatsoever to challenge the authority of the president. Some state governors have even gone as far […]
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Socio-Economic Rights and Accountability Project (SERAP) at the weekend disclosed that it has filed a lawsuit against President Muhammadu Buhari over “the unlawful directive banning the use of old N500 and N1,000 banknotes, contrary to the interim injunction granted by the Supreme Court that the old N200, N500, and N1000 banknotes remain legal tender.” Joined […]
Ten states have asked the supreme court to declare the new directive of President Muhammadu Buhari, reintroducing the old N200 notes and banning old N500 and N1,000 naira notes as unconstitutional. The governors, in Suit No SC/CV/162/2023, filed on Friday by their counsel, A.J. Owonikoko (SAN), want the apex court to declare the President’s directives […]
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Spokesperson for the All Progressives Congress Presidential Campaign Council, Festus Keyamo, has said that disobedience to the Supreme Court orders is an invitation to anarchy in Nigeria. Festus Keyamo, during an interview on Channels TV’s Politics Today on Friday, reacted to the recent live broadcast by President Muhammadu Buhari, who insisted that the decision by […]
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Governor Dapo Abiodun of Ogun State has threatened to revoke the Certificate of Occupancy of banks, corporation or stores rejecting the old naira notes. Abiodun’s threat is coming a day after President Muhammadu Buhari said only the old N200 notes remain a legal tender. The governor in a short statement on Friday reminded commercial outlets […]
Gov Abiodun threatens banks, stores rejecting old naira notes
Scores of fish sellers in Ibadan, the Oyo State capital, have kicked against the rejection of old naira notes. The fish sellers on Wednesday stormed some streets in Ibadan to register their displeasure. The fish sellers alleged that cold room operators are rejecting the old naira notes from them. DAILY POST reports that the fish […]
Fish sellers join protest, kick against rejection of old naira notes in Ibadan [PHOTOS]
Ogun State Governor, Prince Dapo Abiodun, has reiterated his warning that the state government will clamp down on banks and businesses rejecting the old naira notes. Explaining that part of the measures being considered may include getting security agencies to arrest anyone who refuses to accept old Naira notes, the Governor said the directive became […]
We’ll deal decisively with businesses rejecting old naira notes – Ogun govt
The Niger State Government has ordered the police and other security agencies in the state to arrest anyone who rejects the old naira notes as a means of transaction. The Secretary to the Niger State Government, SSG, Alh. Ahmed Ibrahim Matane made the disclosure in Minna on Monday. He explained that the old naira notes […]
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Robert Clark, SAN, an elder statesman, has reacted to the Supreme Court ruling against the Central Bank of Nigeria, CBN, on the use of old naira notes. The apex court judgement annulled the CBN deadline of February 10 as the last date the old notes would be acceptable. A seven-man panel led by Justice John […]
Old naira notes: Robert Clark predicts order Supreme Court’ll give on Feb 15
Dele Farotimi, a Public Affairs Analyst and a retired Lawyer has reacted to the Supreme Court ruling against the Central Bank of Nigeria, CBN, on the use of old naira notes. The apex court judgement annulled the CBN deadline of February 10 as the last date the old notes would be acceptable. A seven-man panel […]
A Federal Capital Territory, FCT, High Court has restrained the Central Bank of Nigeria, CBN, from extending the deadline for the use of the old naira notes. The court also ordered the CBN to fully implement the redesigned naira. Eleojo Enenche, presiding judge, gave the order while delivering ruling in a suit marked FCT/HC/CV/2234/2023, on […]
BREAKING: Court restrains CBN from extending deadline on use of old naira notes
The old Naira notes have become out of use in Zamfara State as traders, business centres, marketers and even Point of Sale, POS, providers have been rejecting the notes since last week even though the deadline for their use has not expired. DAILY POST can authoritatively state that commercial banks in the state have since […]
Traders, business centres, POS operators reject old Naira notes in Zamfara
Economic experts have said Nigerians would lose their hard-earned money over the Central Bank of Nigeria’s refusal to extend the January 31 deadline for phasing out N200, N500 and N1000 notes. Recall that the Governor of CBN, Godwin Emefiele, said there is no going back on the deadline shortly after the Monetary Policy Meeting on […]
Old Naira notes: Nigerians will lose hard-earned money over CBN’s deadline – Experts
