Shina J. O
The Central Bank of Nigeria has announced that Old N200, N500, and N1,000 banknotes Remain Legal Tender till December 31st 2023.
Accordingl to the press statement signed by the Ag. Director, Corporate Communications Isa AbdulMumin CBN say the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.
“In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court judgement of March 3, 2023. “