The Federal government seems confused about the immediate steps to take in executing Friday’s judgment of the Supreme Court, which ruled that the old N200, N500 and N1,000 notes remain as legal tender till December 31, 2023.
The Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), who is the chief legal adviser to the Federal government, claimed on Friday that his brief does not include advice on monetary policy.
Forty-eight hours after, the Central Bank of Nigeria (CBN) has kept mute on the judgment, refusing to announce to Nigerians what to expect, or do next.
Consequently, the citizens are yet to start accepting or spending the old N200, N500, and N1000 notes in their possession.
Ondo State governor, Rotimi Akeredolu, has urged the Federal government to immediately implement the Supreme Court judgment on the cash swap policy.