Nigerians Shun Supreme Court Order, Reject Old Naira Notes || See

 

It has been revealed that many business operators in the Federal Capital Territory (FCT), have started rejecting the old Naira notes.

They are rejecting the notes in spite of Supreme Court order temporarily halting the ban on their use.

The News Agency of Nigeria (NAN) reports that following the redesigning of N200, N500 and N1000 notes by the Central Bank of Nigeria(CBN), Jan. 31 was announced as deadline for use of the old notes.

The Jan. 31 deadline was, however, met with outrage from Nigerians, forcing the apex bank to extend the deadline to Feb. 10 after which the notes would seize to be legal tender.

Meanwhile, governors of Kaduna, Kogi and Zamfara approached the Supreme Court on Feb. 3, requesting that the extention should be beyond Feb. 10 as announced by the CBN.

Following the suit, a seven-member panel of the apex court, led by John Okoro gave the order suspending the Feb. 10 deadline till Feb. 15, when the suit would be determined.

NAN Correspondent, who went round some parts of the FCT on Sunday to monitor use of the old notes, discovered they were being rejected in public places like fuelling stations, market places and parks.