The apex court in Nigeria on Friday ordered that the old N200, N500 and N1000 note remains in circulation till December 31, 2023.

Supreme court said the policy has led to some people engaging in trade by barter in this modern age in a bid to survive. The  court further held that President Muhammadu Buhari in his broadcast admitted that the policy is flawed with a lot of challenges. The court added that the President’s disobedience of the February 8 order, is a sign of dictatorship. The apex court held that President Buhari breached the Constitution of the Federation in the ways he issued directives for the re-designing of the Naira by the CBN.

Justice Agim further held that the President failed to consult the National Council of States, Federal Executive Council (FEC) and the National Economic Council (NEC) before directing the CBN to unlawfully introduce new Naira notes.