Some maritime stakeholders on Friday commended the Supreme Court\u2019s order to extend the use of old Naira notes as a legal tender till Dec. 31, 2023.<\/p>\n\n\n\n
Initially three northern states of Kaduna, Kogi, and Zamfara, on Feb. 3, sought the Supreme Court\u2019s order extending the validity of the old N200, N500, and N1, 000 notes.<\/p>\n\n\n\n
The number of plaintiffs rose to 16 after new states were added to the three initial plaintiffs during the hearing of the case on Feb. 22.<\/p>\n\n\n\n
The Supreme Court, on Friday, ordered the Federal Government to allow the old Naira notes to continue as legal tender till Dec. 31, 2023.<\/p>\n\n\n\n
Dr Kayode Farinto, acting President, Association of Nigeria Licensed Customs Agents (ANLCA), said that cargo movement, in the last two weeks, had been slow.<\/p>\n\n\n\n
According to Farinto, the apex bank ruling is a good development and good for the economy.<\/p>\n\n\n\n
\u201cHonestly, I am very happy. People can now go and carry their cargo trapped in the port.<\/p>\n\n\n\n
\u201cIt\u2019s unfortunate what people experienced recently. I was in Britain last February 2022 when the Queen died and it took them one whole year to change their currency, but here, we want to jump before crawling.<\/p>\n\n\n\n
\u201cI give kudos to the Supreme Court, for having the effontry and zeal to be able to interpret the rule of law,\u201d he said.<\/p>\n\n\n\n
In his own contribution, a shipper, Rev. Jonathan Nicole, urged everyone to obey the Supreme Court\u2019s order as it was the highest court in the land.<\/p>\n\n\n\n
According to Nicole, the common man has faith in the Supreme Court and it has given their verdict concerning the interest of everyone in the country.<\/p>\n\n\n\n
\u201cNo matter how painful this decision is, we should be able to perfect it,\u201d he said.<\/p>\n\n\n\n
He noted that the cash swap policy made a lot of goods to be trapped in the port, adding that apex court\u2019s order was a relief for shippers in terms of their consignments, as they would now get the Naira to do businesses.<\/p>\n\n\n\n
\u201cThis is a cheering news, at least most of the crowd at banks will rest especially the elderly ones,\u201d he said.<\/p>\n\n\n\n
Also, Mrs Joy Monije, Public Relations Officer, Tincan chapter of ANLCA prayed banks would start having the old notes by Monday, saying, \u201ceven when the old N200 notes were still in use, it was difficult getting it.<\/p>\n\n\n\n
\u201cWe pray that by Monday everything will return to normal as we and our cargoes have really suffered with the cash crunch,\u201d she said.<\/p>\n\n\n
Some maritime stakeholders on Friday commended the Supreme Court\u2019s order to extend the use of old Naira notes as a legal tender till Dec. 31, 2023. Initially three northern states of Kaduna, Kogi, and Zamfara, on Feb. 3, sought the Supreme Court\u2019s order extending the validity of the old N200, N500, and N1, 000 notes. […]<\/p>\n","protected":false},"author":2,"featured_media":47949,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949],"tags":[191],"class_list":["post-48885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","tag-naira","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n