Skip to content
Calitown

Calitown

News, Here, Everytime!

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational
  • Toggle search form
  • The taskforce, during inauguration.
    CRS Inaugurates Taskforce To Monitor & Shut Down Illegal Schools  News
  • CR Police Foil Suspects Attempt To Sneak Snatched Vehicle Out Of Calabar  News
  • Nnaji’s Rising Political Profile, Reason For The Media Attack News
  • “Your Leadership Lit A Path That Guides Us Today” – Otu Extols Duke at 64 News
  • “Putting The Record Straight” – Jarigbe Makes Clarification! News
  • 2027: Ayade Reveals He Is Not Running For Senate! News
  • Otu Assure Retirees Of Outstanding Gratuities, Swears In New Head Of Service Cross River News
  • Unical VC Commends Students Heading To London For Nextgen Innovation Grand Finale Cross River News

Supreme Court Says Old Naira Valid Till December 2023

Posted on March 3, 2023 By Admin No Comments on Supreme Court Says Old Naira Valid Till December 2023

The Supreme Court of Nigeria delivering a unanimous judgement a few minutes ago on the Naira Redesign Policy, held as follows;

1. The Defendant, that’s the Federal Government, ought not to be heard when it has refused to obey the orders of this Honourable Court. The disobedience of the orders of the Court is a sign of the failure of rule of law.

2. This suit has merits.

3. The demonetisation policy is inconsistent with the CBN Act.

4. The President cannot make a unilateral policy without carrying the Plaintiffs along.

5. In issuing the policy, the president is under an obligation to carry the National Council of States along.

4. The policy has impeded the functions of State Governments.

5. The directive of the President is illegal.

6. Old version of the naira notes shall continue to be legal tender with the new naira notes until 31st December, 2023.

Credit: First Baba Isa (FBI), from the Supreme Court.

Share this post:

Share on X (Twitter) Share on Facebook Share on Pinterest Share on LinkedIn Share on Email Share on WhatsApp Share on Telegram
Breaking News, News Tags:CBN

Post navigation

Previous Post: Ayade And The Road Back To Kakum!
Next Post: “I Am Going To The CRS House Of Assembly With A Blueprint” – Stanley Nsemo

Related Posts

  • CR 2015: PDP Source Carpets Legor Idagbo Community
  • A-L-E-R-T: CRSG Officials Perfect Plan To Milk Civil Servants Cross River News
  • Senator Gershom Bassey Clarifies PDP’s Position On Zoning; Says There Is A Zoning Arrangement Cross River News
  • Group Canvases Votes For House Of Reps Aspirant Cross River News
  • Yakurr Welcomes New Paramount Ruler! Cross River News
  • “I Have No Intention Of Defecting To Any Party” – Ayade Cross River News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Comments

  • Ben John on Ikom/Calabar Highway: Hellish Times Continue
  • Jane Luka Lamba on Edgerley, My Edgerley: With Nostalgia I Remember Edgerley!
  • CHATS on Politicians, Supporters Besiege PDP Office, Ndoma-Egba Backs Out Of Ward Congress
  • Michael on See Full List Of 24 Academic Staff In Unical Promoted To Professorial Cadre

ADVERT: Click to Watch!

https://calitown.com/wp-content/uploads/2017/10/VID-20170928-WA0003.mp4
  • Micheno’s Michael Eke Makes First Move, Surrenders To EFCC Cross River News
  • “I Responded To An Exact Demand Of My Constituent” – Eta Mbora Cross River News
  • John Gaul Sends Appreciation To Opponents, Constituents Cross River News
  • Former CR Attorney General Carpets Imoke, Ayade! Cross River News
  • C’River: N300m Worth Of Elephant Tusks Intercepted As Camerounian Suspect Is Arrested With Gun Cross River News
  • Catholic NGO Donates 1,450 Stoves To CR Community Cross River News
  • Egbona ‘Sweats’ House Of Reps Seat News
  • Policeman Detains Calabar Female Pastor, Demand 15 Litres Of Petrol Bribe! Cross River News

CALITOWN
...News, Here, Everytime

Quick Menu

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational

Copyright © 2021 calitown
172 Greenwood Avenue , Hull. East Yorkshire. HU6 9NY

Powered by PressBook News WordPress theme