New Naira Scarcity: Confusion Deepens As CBN Deadline Ends Today

There is confusion as the deadline set by the Central Bank of Nigeria (CBN) for swapping the old naira notes for the new notes elapse today.

This is coming days after the Supreme Court ruled that the deadline should be suspended pending the determination of the case filed by the governors of Kaduna, Kogi and Zamfara States.

The apex bank fixed February 15 to entertain the case filed by the governors.

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The Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN) in response to the suit on Wednesday had said the Supreme Court lacked jurisdiction on the matter.

Commercial banks in the country are left stranded as the CBN fails to speak on the ruling of the Supreme Court as to whether the old N1000, N500 and N200 would cease to be legal tender by Friday (today).

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