The Central Bank of Nigeria (CBN) has announced that the 200, 500, and 1000 naira notes will remain legal tender until December 31st, as per the ruling of the Supreme Court of Nigeria. In an official press statement, the CBN confirmed their decision to accept old notes alongside the redesigned currency. This decision is in compliance with the Rule of Law principle, which is fundamental to the Buhari administration.
The CBN's adherence to the Supreme Court's ruling has been welcomed by the public, who hope that everyone will respect and comply with the decision. The scarcity of new naira Muling and the refusal to accept old notes have caused inconvenience and hardship for many Nigerians. The hope is that this announcement will alleviate their financial burden.
Abah Ojonoma Goodness report, Head of Press, Association Of Creative Writers-Uni Abuja
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