OLD NAIRA NOTES & SUPREME COURT ‘S RULING : SOME RESIDENTS AWAIT FG/CBN’S VALIDATION

06/03/23

Shina J.O

Despite Supreme court Judgement that old naira notes should be used alongside the new ones till December 31st 2023,Not much has changed in most states across the Country.

An example here is Makurdi Benue’s State’s administration capital. After Friday’s supreme court’s ruling extending the validity of old 500 and 1000 naira notes as most residents are still waiting for the President Muhammadu Buhari or the Governor of the central bank of Nigeria CBN to validate the extension.

Some Residents who spoke to our crew within the metropolis want the situation resolved as the back and forth regarding its uncertainty has greatly affected business activities.

Although it’s validity may have been extended, but for most residents here they are no longer in possession of the said old 500 and 1000 old naira notes as they turned them in to meet the previous deadline.

The Situation is not different in Lagos as most residents are still in doubt about the use of old Naira Notes.

Even in most Churches on Sunday, the old notes were not accepted for offering.

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