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BREAKING: Naira Redesign Policy Invalid, Old Notes Remain Valid Till December – Supreme Court
The supreme court has invalidated the naira redesign policy introduced by the Central Bank of Nigeria (CBN).
The court made the declaration on Friday while delivering judgment in a suit instituted by three states of the federation.
A seven-member panel of the apex court held that the old N200, N500 and N1000 remain valid legal tender until 31 December 2023.