The Supreme Court, on Friday, 3rd March, 2023, nullified the ban on the use of the old #200, #500, and #1000 bank notes as legal tenders.
The apex court, in an unanimous decision by a seven-member panel of justice, held that the old bank notes should remain valid legal tenders until December 31, 2023.
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It held that the old naira notes should be used alongside the redesigned currencies.
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