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Ten states have asked the supreme court to declare the new directive of President Muhammadu Buhari, reintroducing the old N200 notes and declaring old N500 and N1,000 notes as unconstitutional.


On Thursday, Buhari said he directed the Central Bank of Nigeria to recirculate only the old N200 notes.

This is after the apex court did not vacate the order that the old N200, N500, and N1000 notes are still legal tender.

Meanwhile, Oyo News reports that Ondo State Governor, Rotimi Akeredolu, has called on the President, Major General Muhammadu Buhari (retd.), to reverse his stance on the old naira notes in order to calm down the crisis across the country.

Akeredolu, who faulted the declaration of the president that the old N1000 and N500 notes are no more legal tender while extending the validity of the old N200 note till April 10, said those who advised the president in that regard were mischievous.

The governor stated this in a statement he issued on Saturday. The statement was titled, ‘Mr President should halt this seamless drift.’

According to the Chairman Southern Governors Forum, there was a need for president to rescind the controversial naira policy, as he said it was unpopular, fruitless and counter-productive, moreso that there is a subsisting order of the Supreme Court on the matter and the crisis it was causing across the country few days the general election.

By oyonews

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