The apex court gave the ruling on Friday, nullifying Federal Government’s decision to stop the old N500 and N1,000 notes being legal tender, which took effect on February 10.
However, on Friday, a seven-member Supreme Court panel nullified the policy, faulting government’s handling of the process and declaring its methodology and implementation unconstitutional. As a result, the Supreme Court ruled in its lead decision, read by Justice Emmanuel Agim, that Buhari’s authorisation for the CBN to withdraw the old banknotes was illegal.
He also charged the Flying Eagles to win the ongoing CAF U-20 Africa Cup of Nations in Egypt as Nigeria prepares to face The Gambia today in the semifinals of the competition. He had earlier also sympathised with the former First Lady, Maryam Abacha, and her entire family on the death of their son, Abdullahi.
In a survey conducted by the News Agency of Nigeria in the Federal Capital Territory , a taxi driver, Abubakar Umar, said he was hopeful that President Buhari or the CBN Governor, Godwin Emefiele, would speak within the week on whether or not they should go ahead and accept the old notes. He said until such directive was given, he would insist that customers paid him only with new N500 or N1,000 notes.
A resident, Fred Oyibo, said he was excited when the pronouncement validating use of old notes was made by the Supreme Court. He, however, expressed disappointment that he could not use the old notes he had, adding that business operators are still rejecting them in spite of the ruling.
They will respond on Sunday morning, March 12.
🤣🤣🤣🤣🤣🤣🤣
Eme iele deceived the President by telling him 2.4 trillion could be printed out within 3 months after the withdrawal of old notes.
Wait till after March 11
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