Supreme Court Order On Old Notes: Banks In Partial Compliance.

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Deposit cash The Supreme Court’s ruling authorizing the use of old N1,000, N500, and N200 notes as legal money for 10 months has been partially complied with by banks around the nation.

The old naira notes shall be permitted to circulate alongside the new ones until December 31, 2023, the Supreme Court said last week.

The Federal Government’s strategy of naira redesign, according to the court, was in violation of the 1999 Constitution.

A line of clients was observed forming to get the old N500 notes from the bank’s cashiers at the GTBank in Olowoira, Lagos.

Customers have, however, voiced concerns about the lack of old notes at bank ATMs at several branches.
Emefiele should be ordered by Buhari to release old naira notes. Attorney General of Zamfara Banks start paying out old N500.

Punch

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