Close Menu
Chronicle NG
    Trending Stories
    The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed it will arraign former Kaduna State Governor Nasir El-Rufai before the Federal High Court in Kaduna on Tuesday (today) over alleged corruption-related offences.

    ICPC arraigns El-Rufai in Kaduna today

    March 24, 2026
    'It’s time to rebuild home', Kayode Ogunsola unveils vision for CSSLOSA

    ‘It’s time to rebuild home’, Kayode Ogunsola unveils vision for CSSLOSA

    March 23, 2026
    EFCC raids Malami’s homes after Atiku’s visit

    EFCC raids Malami’s homes after Atiku’s visit

    March 23, 2026
    Facebook X (Twitter) Instagram
    Trending
    • ICPC arraigns El-Rufai in Kaduna today
    • ‘It’s time to rebuild home’, Kayode Ogunsola unveils vision for CSSLOSA
    • EFCC raids Malami’s homes after Atiku’s visit
    • EFCC probes Enugu visa fraud suspect over N19.9m scam
    • EFCC arraigns man over N9.8m fraud in Lagos court
    • Police deny shooting NURTW members in Abuja
    • Military plane crash kills many in Colombia
    • Terrorists kill eight in Niger bridge bombing
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Tuesday, March 24
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    BREAKING: Old naira notes remain valid currency – Supreme Court

    Opalim LiftedBy Opalim LiftedFebruary 15, 2023No Comments4 Mins Read
    Facebook Twitter Telegram WhatsApp
    Local governments share N1.35tn with states, FG for June allocation
    Facebook Twitter WhatsApp

    The February 8 order prohibiting the Federal Government and its agencies from enforcing the February 10 deadline for the use of the old 200, 500, and 1000 naira notes is still in effect, according to the Supreme Court.

    Following a complaint from attorney Abdulhakeem Mustapha (SAN) to the states of Kaduna, Kogi, and Zamfara that the Federal Government and its agencies had disobeyed the judgment and had purportedly ordered the rejection of the old notes, the court made the clarification on Wednesday.

    Mustapha said that the plaintiff submitted a notice of non-compliance with the February 8 court order and urged the court to take action against the respondent in order to uphold the court’s honor.

    He added: “That order has been flouted by the government. We are talking of executive lawlessness here. We have filed an affidavit to that effect…We want the court to renew the order for parties to be properly guided.”

    Justice John Okoro, who presided over a seven-member panel of the court, asked Mustapha to file a proper application to put forward his complaints and to enable the respondent to respond appropriately.

    Justice Okoro said there was no need for a renewal of the court’s order.

    He noted that, since the order made by the court on February 8 was made pending the determination of the motion for injunctions filed by the plaintiff, the order still subsists since the motion was not yet heard.

    The court had, in the February 8 ruling, said: “After careful consideration of this ex-parte application, and the grounds in support of same, this court finds that there is a real urgency for this court to intervene by the grant of this application.

    “Accordingly, this application is hereby granted as prayed.

    “That is to say, an order of interim injunction restraining the Federal Government of Nigeria, either by itself or acting through the Central Bank of Nigeria (CBN) and/or the commercial banks, its agents; agencies, corporations, ministries, parastatals, organizations or through any person or persons (natural and artificial) howsoever, from suspending or determining or ending on the 10th of February 2023 the timeframe within which the now older versions of the 200, 500 and 1000 denominations of the naira may no longer be legal tender, pending the hearing and determination of the plaintiffs/applicants’ motion on notice for interlocutory injunction.”

    The Supreme Court has however fixed February 22 for a hearing of the suit filed by Kaduna, Kogi, and Zamfara states challenging the propriety of the naira swap policy of the Federal Government.

    • Banks, markets, others reject old naira notes despite Supreme Court ruling

    The court chose the date after joining the Attorneys General of Katsina Lagos, CR, Ondo, Ogun, Ekiti, and Sokoto states as co-plaintiffs in the earlier suit filed by Kaduna, Kogi and Zamfara states.

    The court also joined the Attorneys General of Edo and Bayelsa states as co-respondents. Both states elected to side with the Attorney General of the Federation (AGF) originally listed as the sole respondent.

    The court ordered that the suits filed separately by Nasarawa, Rivers, and Kano states on the same issue be consolidated with the ones filed by Kaduna, Kogi, and Zamfara states.

    The court ordered parties to file all necessary documents before the hearing set for next Wednesday.

    Justice Okoro, before adjourning, told the lawyer to the AGF, Kanu Agabi (SAN) to advise his client to ensure the availability of currency for the people.

    “Tell your client to let people have money. If they go to the ATM and the plaintiffs will come and withdraw the case. Make money available to the poor masses.

    “You should know that a hungry man is an angry man. I say no more,” he said.

    Responding, Agabi said Nigerians were only blaming the government for their poverty.

    “Many people don’t have money. They blame it on the Fed Govt and the AGF. I don’t have money too.

    “Things have been bad for a long. It is not today that the problems started,” Agabi said.

    Governors Nasir El-Rufai and Yahaya Bello of Kaduna and Kogi states were in court to witness proceedings.

    Speaking after the court proceedings, Bello said the states were not at war with the Fed Govt over its cashless policy, but are only concerned about its negative impact on the citizens, who are now denied access to their funds.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed it will arraign former Kaduna State Governor Nasir El-Rufai before the Federal High Court in Kaduna on Tuesday (today) over alleged corruption-related offences.

    ICPC arraigns El-Rufai in Kaduna today

    'It’s time to rebuild home', Kayode Ogunsola unveils vision for CSSLOSA

    ‘It’s time to rebuild home’, Kayode Ogunsola unveils vision for CSSLOSA

    EFCC raids Malami’s homes after Atiku’s visit

    EFCC raids Malami’s homes after Atiku’s visit

    EFCC investigating Enugu visa fraud suspect over ₦19.9 million scam

    EFCC probes Enugu visa fraud suspect over N19.9m scam

    Andrew Odekina in court during EFCC arraignment over alleged ₦9.8 million fraud in Lagos

    EFCC arraigns man over N9.8m fraud in Lagos court

    Police arrest three suspects over ‘attack on Boys Brigade camp’ in FCT

    Police deny shooting NURTW members in Abuja

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed it will arraign former Kaduna State Governor Nasir El-Rufai before the Federal High Court in Kaduna on Tuesday (today) over alleged corruption-related offences.

    ICPC arraigns El-Rufai in Kaduna today

    March 24, 2026
    'It’s time to rebuild home', Kayode Ogunsola unveils vision for CSSLOSA

    ‘It’s time to rebuild home’, Kayode Ogunsola unveils vision for CSSLOSA

    March 23, 2026
    EFCC raids Malami’s homes after Atiku’s visit

    EFCC raids Malami’s homes after Atiku’s visit

    March 23, 2026
    EFCC investigating Enugu visa fraud suspect over ₦19.9 million scam

    EFCC probes Enugu visa fraud suspect over N19.9m scam

    March 23, 2026
    Andrew Odekina in court during EFCC arraignment over alleged ₦9.8 million fraud in Lagos

    EFCC arraigns man over N9.8m fraud in Lagos court

    March 23, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.