The Supreme Court of Nigeria has faulted the Naira Redesign policy introduced by the Central Bank of Nigeria (CBN) even as it declared its implementation invalid.
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The apex court made the declaration on Friday while delivering judgment in a suit instituted by three States of the federation against the Federal Government on the policy.
Naira Redesign: Evolution Of Another New Normal
A seven-member panel of Justices held that the old N200, N500 and N1000, therefore, remain valid legal tender till December 31, 2023.
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