{"id":82575,"date":"2023-02-14T20:02:59","date_gmt":"2023-02-14T19:02:59","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court"},"modified":"2023-02-14T21:22:18","modified_gmt":"2023-02-14T20:22:18","slug":"old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court","title":{"rendered":"Old naira notes no longer legal tender \u2013 CBN defies Supreme Court"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>In defiance of the Supreme Court order, the Central Bank of Nigeria, CBN, declared that the old naira notes of N200, N500 and N1000 have ceased being legal tender in Nigeria since February 10, 2023.<\/p>\n

CBN\u2019s branch controller in Bauchi Haladu Idris Andaza made the declaration while briefing journalists on Monday in Bauchi.<\/p>\n

Last week, an ex parte order of the Supreme Court restrained CBN from implementing the February 10 deadline to stop the circulation of the old naira notes.<\/p>\n

But, Andaza insisted the old naira ceased being legal tender on February 10.<\/p>\n

\u201cFor the avoidance of doubt, CBN is ready and is open to receiving all of those old notes based on certain conditions and criteria.<\/p>\n

\u201cCustomers are free to come to the bank and deposit, which they cannot do at the commercial banks anymore because the currency has ceased to be a legal tender since the 10th of this month,\u201d he stated.<\/p>\n

Commercial banks are rejecting old naira deposits from customers in Ilorin, the capital of Kwara State.<\/p>\n

Similarly, Nigerians in Delta, FCT, Lagos, Edo and other parts of the country have also lamented that transporters are not accepting the old banknotes.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. In defiance of the Supreme Court order, the Central Bank of Nigeria, CBN, declared that the old naira notes of N200, N500 and N1000 have ceased being legal tender in Nigeria since February 10, 2023. CBN\u2019s branch controller in Bauchi Haladu Idris Andaza made the declaration while briefing journalists on Monday in […]<\/p>\n","protected":false},"author":84,"featured_media":82574,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28],"tags":[1570,2140,503,254,620],"class_list":["post-82575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-nigeria","tag-supreme-court"],"yoast_head":"\nOld naira notes no longer legal tender \u2013 CBN defies Supreme Court - Nigeria<\/title>\n<meta name=\"description\" content=\"In defiance of the Supreme Court order, the Central Bank of Nigeria, CBN, declared that the old naira notes of N200, N50 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Old naira notes no longer legal tender \u2013 CBN defies Supreme Court\" \/>\n<meta property=\"og:description\" content=\"In defiance of the Supreme Court order, the Central Bank of Nigeria, CBN, declared that the old naira notes of N200, N50 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-14T19:02:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-14T20:22:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1676392402.95.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1424\" \/>\n\t<meta property=\"og:image:height\" content=\"802\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Old naira notes no longer legal tender \u2013 CBN defies Supreme Court\",\"datePublished\":\"2023-02-14T19:02:59+00:00\",\"dateModified\":\"2023-02-14T20:22:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court\"},\"wordCount\":214,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1676392402.95.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"Nigeria\",\"Supreme Court\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/old-naira-notes-no-longer-legal-tender-cbn-defies-supreme-court\",\"name\":\"Old naira notes no longer legal tender \u2013 CBN defies Supreme Court - 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