The federal government has urged the Supreme Court to extend the deadline allowing old N200, N500 and N1,000 banknotes to remain legal tender. Currently the apex court ruling from March states the notes can circulate alongside new designs until December 31st.

In a fresh application, the Attorney General of the Federation Lateef Fagbemi said more time is required because the government has been unable to print enough new banknotes to phase out old currency by year’s end. He warned allowing the deadline to stand risks plunging Nigeria into economic crisis.

Fagbemi revealed that hoarding of old and new notes has already begun with citizens anticipating the looming demonetization. As such, the FG strongly feels allowing old bills to continue circulating into 2023 is key to stabilizing markets.

The application asks the court to review its March 3 judgement that gave the Central Bank leeway to swap old banknotes until December 31st. Instead the government wants circulation and redemption extended until “the government decides to bring the circulation of the old versions to an end” after further consultation.

The Supreme Court is set to hear the case on November 30. Earlier this year, it overturned the CBN’s move to end old note use in February after 10 states sued the federal government over inadequate public awareness.

______________________________________________________________________ New Year Promo: Get Five Maritime Law Books For N150,000 — 63% Discount The promotion, which commenced on January 8 and runs until February 8, 2026, offers five core maritime law books authored by Dr. Emeka Akabogu, SAN, ordinarily valued at N405,000, for just N150,000 — a 63% discount. Interested buyers can place their orders through the following channels: Phone: 0704 329 3271 Online Store: https://paystack.shop/aa-bookstore Website: www.akabogulaw.com ______________________________________________________________________ ARTIFICIAL INTELLIGENCE FOR LAWYERS: A COMPREHENSIVE GUIDE Reimagine your practice with the power of AI “...this is the only Nigerian book I know of on the topic.” — Ohio Books Ltd Authored by Ben Ijeoma Adigwe, Esq., ACIArb (UK), LL.M, Dip. in Artificial Intelligence, Director, Delta State Ministry of Justice, Asaba, Nigeria. Bonus: Get a FREE eBook titled “How to Use the AI in Legalpedia and Law Pavilion” with every purchase.

How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌐 Website: www.benadigwe.com

Ebook Version: Access directly online at: https://selar.com/prv626

________________________________________________________________________ The Law And Practice Of Redundancy In Nigeria: A Practitioner’s Guide, Authored By A Labour & Employment Law Expert Bimbo Atilola _______________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation ____________________________________________________