BREAKING: [CBN’s Naira Policy] Supreme Court Stops Old Naira Notes Ban

The Supreme Court on Wednesday temporarily halted the move by the Federal Government to ban the use of the old naira notes from February 10, 2023.

A seven-member panel led by Justice John Okoro halted the movement of the federal government in a ruling in an exparte application brought by three northern states of Kaduna, Kogi, and Zamfara.

Recall that the CBN gave a ten-day additional ultimatum for the return of the old naira notes to the banks.

But just three days before the deadline, the Supreme Court has hit a vantage point on the naira crisis.

Details later…


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