The supreme court has invalidated the naira redesign policy introduced by the Central Bank of Nigeria (CBN).
The court made the declaration on Friday while delivering judgment in a suit instituted by three states of the federation.
JUST IN: Supreme Court Nullifies Naira Redesign Policy, Says Old Notes Valid Till December 31
A seven-member panel of the apex court held that the old N200, N500 and N1000 remain valid legal tender until 31 December 2023.