Old Notes: FG To Obey Supreme Court

The Federal Government will obey the Supreme Court ruling stopping the Central Bank of Nigeria’s February 10 deadline for exchanging old notes.

Leakblast.com recalls that the Supreme Court on Wednesday ruled against the deadline for the old notes, which was originally set to expire today, February 10.

The ex parte decision, which is due to expire on February 15, 2023, is something that the government is hoping would be overturned, according to Attorney General of the Federation Abubakar Malami, who spoke with Arise TV on Thursday.

READ ALSO: New Naira Scarcity: Confusion Deepens As CBN Deadline Ends Today

He claimed that the Supreme Court lacked jurisdiction to hear the issue in the first place and that the CBN, who is a crucial party to the dispute, was not joined in the suit.

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