the Supreme Court declared that the old Naira notes denominations of N200, N500, and N1,000 notes will persist alongside the new notes until further instructions. The court emphasized that both the old and new notes should retain their status as legal tender until the Federal Government establishes a procedure for their replacement or redesign. This process should involve appropriate consultations with relevant stakeholders.

    Naira re design notes old

    It should be noted that the Central Bank of Nigeria extended the validity of the old N200, N500, and N1,000 notes indefinitely on November 14. As reported by The PUNCH, the CBN had introduced redesigned Naira notes denominations for N200, N500, and N1,000 in October 2022, with specific deadlines initially set for the discontinuation of the old design as legal tender.

    Read also Former President Buhari concedes that there might have been a hijacking of his administration.

    Former President Muhammadu Buhari asserted yesterday that he exerted his best efforts during his eight-year governance of Nigeria, acknowledging uncertainty about achieving anticipated results. Admitting a potential hijacking of his administration, he defended endorsing the controversial naira redesign policy to safeguard his integrity and emphasize the absence of shortcuts to success.

    Naira notes

    In his initial interview since stepping down six months ago, Buhari described Nigerians as challenging to govern, stating they often resist doing the right thing. When questioned about the integrity of those around him, he dismissed it as “their problem” and questioned the critics’ anti-corruption efforts.

    Addressing the alleged cabal that hijacked his government, Buhari admitted it might have happened but emphasized that rule violations did not go unpunished. He affirmed allowing individuals to carry out their assigned tasks and expressed contentment with his post-presidential life, emphasizing his lack of nostalgia for the government.

    old naira notes

    Buhari stated he did not miss foreign affairs during his presidency, focusing primarily on local matters, especially the challenge of securing the country. He highlighted his modest lifestyle, avoiding competition with the wealthy class to prevent compromising his integrity. Buhari explained that he resisted certain opportunities that could have compromised him, fearing they would exploit the situation for personal gain.

    Regarding the criticized naira policy, Buhari defended it as a move to emphasize the absence of shortcuts in leadership. He acknowledged the court challenge by governors from his party to reverse the policy and discussed the Ethiopian/Nigerian Air issue, attributing any shortcomings to granting people too much autonomy.

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