NewStats: 3,262,911 , 8,178,505 topics. Date: Wednesday, 04 June 2025 at 03:30 AM a57r

For the second time since the Supreme Court ruled that the old N200, N500 and N1,000 notes will remain legal tender until December 31, the Central Bank of Nigeria (CBN) has refused to speak on the judgement.

On Saturday, an official of the CBN told The Nation that the communications department has not been informed of any new developments on the Supreme Court judgement.

Asked when the CBN will start releasing cash to banks, the official replied they “don’t have that information”.

The Supreme Court on Friday ruled that the old bank notes will remain as legal tenders while also declaring that the N20,000 withdrawal limit set by the apex bank was illegal.

Without any official pronouncement from the CBN, Deposit Money Banks (DMBs) cannot act outside the last instruction by the apex bank that N20,000 will be the withdrawal limit for individual holders.

The latest withdrawal threshold, The Nation learnt, has put doubts in the minds of many Nigerians who prefer to save their money outside the banking system.

Asked if the Supreme Court judgement describing the N20,000 withdrawal limit as illegal will negatively impact the CBN’s cashless policy, another official of the CBN said: “The cashless policy has been in operation since 2012 and many Nigerians are already keying into the idea”.

https://thenationonlineng.net/no-information-on-supreme-court-ruling-says-cbn/

May 30th, this guy should be in Jail.

I blame your Boss, if not, you won't disregard the court to this extent

wingmanIII:

Yeah, you guys should continue calling out and abusing emefiele, like you don't buhari is calling the shots. Yeye people!

Have visited the Gas Station of late

Have you visited ATM stand

Have you tried making payments through online

So, he cannot advise whoever is using him that the citizens are feeling the pains, maybe that's the pleasure.

Sammy07:


May 30th, this guy should be in Jail.

Kikiki..
Why don't you wait till Monday. Or do you want me to tell you the truth? You won't like it.

So supreme court is now overseeing monetary policies in Nigeria? Wonders shall never end.
The daily limit on withdrawal is actually a good idea. This has drastically reduced kidnapping and other forms of criminal activities in the country.

FreedomArmy:
So supreme court is now overseeing monetary policies in Nigeria? Wonders shall never end.
The daily limit on withdrawal is actually a good idea. This has drastically reduced kidnapping and other forms of criminal activities in the country.

nonsense

I am confused already

ganisucks:

Kikiki..
Why don't you wait till Monday. Or do you want me to tell you the truth? You won't like it.

which truth day ur mouth say Obi is ur president 🤣🤣

Sammy07:


May 30th, this guy should be in Jail.

Tinubu may die before then (just speaking) Obi must take his rightful places as president, APC rigged this election.



I hate tinubu!!!

Tinubu will destroy this country. Bribing everybody up and down from INEC to supreme Court.

Nigeria is an enterprise to these people.
May God deliver us

😂😂😂

Lol Jokers All
ObiDatti is coming

And rightly so.

This Emefiele sef wetyn be your issue? Why suffering the masses for something not worth it.

The whole back and forth with Supreme court is really tiring. Naija is not for the faint hearted!

Nigeria and disregard for the rule of law

and the saga continues

FreedomArmy:
So supreme court is now overseeing monetary policies in Nigeria?

You get it. Next thing now, SC will be giving ruling about what rate CBN should peg the dollar at

These people run this country like there is no citizen at all. In their minds, we are all stones.

BITTER TRUTH

Idiots the ruling is all over the net. You also have a copy of the ruling being ed in the suit, ask your lawyers. Quit feigning ignorance

Sammy07:

May 30th, this guy should be in Jail.

Seconded.

Emefiewele and Buhari...the greatest con men of all time.

They deceived over 200 million people in one nation with a simple lie.

ganisucks:

Kikiki..
Why don't you wait till Monday. Or do you want me to tell you the truth? You won't like it.

Olachase:
which trust day ur mouth say Obi is ur president 🤣🤣

I am one of the few Nigerians keying into the CBN's cashless policy because the gains are too numerous to mention

No.1.....Kidnapping dissappeared with the speed of light

But Technically they're not a party to the suit, the suit is between the Federal Government and the Governor's.

So they have to wait for orders from above.

This is the same judicials some people expect will give Obi his stolen mandate.

Nigerian politicians don't rate Nigerian judicials an inch, dey don see dem finish just like the military.

It's well sha

Ogbuefi2020:
Tinubu will destroy this country. Bribing everybody up and down from INEC to supreme Court.

see name, Ogbuefi. Na dem Ojukwu descendants. Spent 8 years blaming Buhari for their woes...now, it's Tinubu. You guys are cursed aswear

Sammy07:


May 30th, this guy should be in Jail.

Why, is it because chief Agbero would be sworn in?