Supreme Court temporarily halts ban on old naira notes in Nigeria | ANG
  • June 22, 2024

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Nigeria’s Supreme Court on Wednesday temporarily suspended Friday’s deadline to stop using old banknotes, which had caused a cash crisis in the country.

The Supreme Court’s decision comes after a legal challenge initiated by the northern states of Kaduna, Kogi and Zamfara earlier this month.

Many banks have not had enough of the new naira notes, leading to desperate and chaotic scenes as people tried to get their hands on them.

There were fights at ATMs, protests and mob attacks on commercial banks, local media have been reporting for days now.

The chaos led to concern that it could affect this month’s elections, as many Nigerians do not have bank accounts.

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