LAGOS STATE HIGH COURT REJECTS OLD NAIRA NOTES
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The Lagos State High Court in Ikeja, on Tuesday; in defiance of the Supreme Court injunction on old naira notes, rejected old naira from litigants.
Members of the public and legal practitioners who visited the regsitry on Tuesday received the shock of their lives as they were told that they could not make payments using the old naira notes.
The refusal of the Lagos High Court to accept the old notes is strange as the Lagos State government also joined the suit seeking to stop the Central Bank of Nigeria (CBN) from outting a deadline to the cash swap policy.
According to an anonymous staff member, they were directed by their superiors to stop collecting old notes because when they took old notes collected from court users to four different banks, namely FCMB, Polaris, UBA, and Fidelity, the old money was rejected.
Henceforth, the court official noted that lawyers and litigants must come with only the new naira notes.
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