Supreme Court has ruled that old and new notes will co -exist as legal tender until further notice.
Old naira notes to remain legal tender until further notice, Supreme Court rules
The Nigeria Supreme Court ruled on Wednesday that the Old Naira notes will remain legal tender of the country till further notice.
Recall that in March 2023, the apex court had extended the deadline to phase out old Naira notes to December 31, 2023.
In addition, the federal government also filed for an extension for the old naira note on November 21, 2023.
In its ruling today, the highest court ruled in Abuja that the notes will remain legal tender and be accepted for transaction until further notice.