The Supreme Court has nullified the ban on the use of the old N200, N500, and N1000 banknotes as legal tenders. It held that the old Naira notes should be used alongside the redesigned currencies.
The apex court, in a unanimous decision by a seven-member panel of Justices, held that the old banknotes should remain valid legal tenders until December 31.
In the lead judgment that was delivered by Justice Emmanuel Agim, the apex court accused President Buhari of disobeying its interim order that halted the full implementation of the new monetary policy.
