UPDATE: Old N1000, N500, N200 Notes Remain Legal Tender – Supreme Court

The Supreme Court has reiterated its order that the old naira notes of N200, N500, and N1000 notes remain legal tender.

The court also said it will deliver judgement in the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN) on March 3.

The seven-member panel of the apex court communicated the decision on Wednesday when the case resumed for hearing.

Kogi, Kaduna and Zamfara state governments had instituted the case against the federal government seeking the nullification of the naira redesign policy of the CBN in view of the naira scarcity that has plunged the nation into crisis.

Other like-minded states have since joined the suit as plaintiffs.