Supreme Court Suspends CBN Old Naira February 10 Deadline

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The Supreme Court, Wednesday, restrained the Federal Government from enforcing the February 10 deadline for the use of N200, N500 and N1000 old Naira notes.

The apex court, in a unanimous decision by a seven-member panel, halted the
full implementation of the demonetisation policy of the Central Bank of Nigeria, CBN.

The ruling followed a suit that was filed by three Northern States; Kaduna, Kogi and Zamfara.

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