• Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Tuesday, July 8, 2025
  • Login
  • Register
9Ja Spectators
  • Home
  • Politics
  • Business
  • Education
  • Entertainment
  • Life
  • Tech
  • World News
No Result
View All Result
9Ja Spectators
  • Home
  • Politics
  • Business
  • Education
  • Entertainment
  • Life
  • Tech
  • World News
No Result
View All Result
9Ja Spectators
No Result
View All Result
Home News

Some banks obey Supreme Court ruling, paying old naira notes

Reporter by Reporter
in News
Reading Time: 2 mins read
A A
0
Some banks obey Supreme Court ruling, paying old naira notes
152
SHARES
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

After the Supreme Court’s decision to prolong the legality of the Central Bank of Nigeria’s (CBN) currency redesign policy until December, certain deposit money institutions have begun paying out old notes, according to the Daily Trust.

According to inspections, some commercial banks in Kano and Abuja have begun issuing the old N500 and N1000 notes.

While some Guarantee Trust Bank (GTB) branches released old notes, others, such as Polaris Bank in Abuja, had not begun as of the time this article was submitted.

RelatedPosts

Makinde Remembers Late Father 13 Years After Passing

A True Son of Oyo Who Has Delivered: A Response to the Critics of Chief Adebayo Adelabu

Makinde Appoints New 3SC Board Chairman, Reshuffles Key Aides

According to GTB sources, they received a direction from management to begin paying old notes in their vault.

“The issue is that collecting old notes from consumers would require the use of the CBN form because we don’t have any directives in that regard,” the person explained.

According to a member of staff, only the old N200 notes are still being issued “since we do not have any fresh direction on what to do yet.”

On Friday, a seven-member panel of justices presided over by Justice Inyang Okoro ruled unanimously that President Muhammadu Buhari’s directive to the Central Bank of Nigeria (CBN) to redesign and withdraw old notes of N200, N500, and N1,000 without consulting the states, the Federal Executive Council (FEC), the National Council of States, and other stakeholders was unconstitutional.

The Supreme Court stated that no fair notice was provided before the adoption of the policy, as required under the CBN Act.

Tags: 9jaspectatorsBanks paying old naira notesnaira redesignnaira scarcityspectatorsng
Previous Post

Alleged electoral malpractice: Atiku leads protest in Abuja (Trending video)

Next Post

Don’t kill LP Guber candidate as you kill Funso Williams, Bode George cries out, says Lagos has rejected APC

Related Posts

We believe in your leadership, Oyo North PDP tells Makinde
News

Makinde Appoints New 3SC Board Chairman, Reshuffles Key Aides

by Reporter
Olubadan’s death monumental loss, Senator Alli mourns
News

Olubadan’s death monumental loss, Senator Alli mourns

by Reporter
BREAKING: Olubadan of Ibadanland, Oba Owolabi Olakulehin, Passes On at 90
News

Makinde Mourns Late Olubadan, Promises State Support, Befitting Burial

by Reporter
Next Post
Don’t kill LP Guber candidate as you kill Funso Williams, Bode George cries out, says Lagos has rejected APC

Don't kill LP Guber candidate as you kill Funso Williams, Bode George cries out, says Lagos has rejected APC

Leave a ReplyCancel reply

Makinde Remembers Late Father 13 Years After Passing

Makinde Remembers Late Father 13 Years After Passing

by Reporter
0

Governor of Oyo State, Engr. Seyi Makinde, has paid a heartfelt tribute to his late father, Pa Olatubosun Makinde, 13...

A True Son of Oyo Who Has Delivered: A Response to the Critics of Chief Adebayo Adelabu

A True Son of Oyo Who Has Delivered: A Response to the Critics of Chief Adebayo Adelabu

by Reporter
0

As an indigene of Oyo State who has followed the political and professional journey of Chief Adebayo Adelabu closely, I...

We believe in your leadership, Oyo North PDP tells Makinde

Makinde Appoints New 3SC Board Chairman, Reshuffles Key Aides

by Reporter
0

Oyo State Governor, ‘Seyi Makinde, has approved a major reshuffle in his administration with the dissolution of the board of...

Olubadan’s death monumental loss, Senator Alli mourns

Olubadan’s death monumental loss, Senator Alli mourns

by Reporter
0

Senator Sharafadeen Alli (APC-Oyo South) has expressed deep sorrow over the death of the Olubadan of Ibadanland, Oba Owolabi Olakunlehin,...

No Result
View All Result
  • Home
  • Politics
  • Business
  • Education
  • Entertainment
  • Life
  • Tech
  • World News

© 2023 SpectatorsNG

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In