
FIDELITY BANK ASKS CUSTOMERS TO DEPOSIT OLD NAIRA NOTES DESPITE SUPREME COURT INJUNCTION
Fidelity Bank Plc on Thursday evening asked it’s customers to deposit their old naira notes latest tomorrow, Friday, February 10, 2023; as the notes will cease to be legal tender from Saturday, February 11, 2023.
In a bulk mail on Thursday night, the Bank directed it’s customers to deposit the old notes.
The position by Fidelity Bank is contrary to the injunction of the Supreme Court, which on Wednesday barred the Central Bank of Nigeria (CBN) and the Federal Government of Nigeria, from enforcing the February 10 deadline for the use of old Naira notes.
A seven-man panel of the Supreme Court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the FG, CBN, commercial banks etc from implementing the February 10, deadline for the old 200, 500 and 1000 Naira notes to stop being a legal tender.
The court further held that the FG, CBN, commercial banks must not continue with the deadline pending the determination of a notice on notice on in respect of the issue on February 15.
More Stories
HEALTH: SIERRA LEONE STARTS MPOX VACCINATION AS CASES RISE
Sierra Leone on Wednesday started injecting frontline health care workers and high risk-individuals and children from age 12 with a...
NATASHA SLAMS YAHAYA BELLO, URGES HIM TO FOCUS ON CLEARING HIS NAME
Senator representing Kogi Central, Natasha Akpoti-Uduaghan, has urged former governor Yahaya Bello to focus on addressing the corruption allegations against...
TRUMP SLAPS HEAVY TARIFFS ON CHINA, EU, OTHERS
Agency Report US President Donald Trump on Wednesday unveiled a raft of punishing tariffs targeting countries around the world, including...
UPDATE: POLICE UNCOVER CRIMINAL HIDEOUT AT SAGAMU INTERCHANGE, BEEF UP SECURITY
The Ogun State Police Command on Wednesday said it has beefed up security around the Sagamu interchange, on the Lagos-Ibadan...
FORMER NYSC DG, TSIGA, REGAINS FREEDOM FROM KIDNAPPERS DEN AFTER 2 MONTHS
The former Director General (DG) of the National Youth Service Corps (NYSC), Brig,-Gen Maharazu Tsiga (rtd) has regained freedom from...
JUST IN: FG ORDERS IMMEDIATE REOPENING OF INDEPENDENCE BRIDGE IN LAGOS
The Minister of Works, Senator David Umahi has directed the immediate reopening of the Independence Bridge in Lagos to vehicular...