'No more deadline' - Supreme Court legalizes use of old N200, N500, N1,000 notes

The apex court granted the request for the extension of the lifespan of the N200, N500 and N1000 notes under the previous administration led by former President Muhammadu Buhari.

Recall that the federal government last week enjoined the Supreme Court to extend the deadline for the old naira notes to remain in circulation.

In light of the order given on March 3 that the old naira note should remain legal tender until year-end, the federal government earlier sought an extension of the deadline.

A panel of the apex court on Wednesday, December 29, 2023, however, ordered that the old notes remain legal tender until necessary facilities are put in place for their replacement.