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The Federal Government has stated that it will decide on the legality of the old currency notes of N200, N500, and

N1000 after the Supreme Court rules on the suit filed by some state governments.

According to Naija News, three states, Kogi, Kaduna, and Zamfara, had taken the federal government to the Supreme Court, requesting that the Central Bank of Nigeria’s (CBN) February 10 deadline be extended.

The court set February 15 as the deadline to hear the case.

The apex bank, however, has stated that the February 10 deadline remains in effect and that the old notes are no longer legal tender.

However, when contacted by Vanguard for comment on the situation, the Federal Government stated that a decision will be made only after the suit is decided in the Supreme Court today.

“We wish to state that it is not true that the Federal Government or the Central Bank of Nigeria, CBN, have taken a preemptive action on the legality of currency as a legal tender in view of the pendency of the case before the Supreme Court,” said Mallam Garba Shehu, Senior Special Assistant to the President on Media and Publicity.

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