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The Supreme Court ruled on Wednesday that the old Naira denominations of N200, N500 and N1,000 notes will continue to co-exist with the new notes till further notice.
The court maintained that the old and new notes should remain as legal tender beyond December 31. until the Federal Government puts a process in place for their replacement or redesign after due consultation with relevant stakeholders.
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The apex court had, on March 3, restrained the Central Bank of Nigeria from giving effect to the deadline on the use of old notes.
However, the CBN, on November 14, extended the validity of the old N200, N500 and N1,000 notes indefinitely.
