AU COMMISSION CHAIRPERSON ARRIVES IN BAMAKO TO REVIVE DIALOGUE WITH MALI. (PHOTO).

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 AU Commission Chairperson Arrives in Bamako to Revive Dialogue With Mali Mahmoud Ali Youssouf arrived for a two-day official visit, according to an AU statement. He was welcomed by Mali’s Foreign Minister Abdoulaye Diop and is also expected to meet with President Assimi Goïta, it said, Sputnik reported. The visit comes as Mali remains suspended from AU activities since June 2021. The AU has reaffirmed its support for Mali’s sovereignty and territorial integrity while proposing increased assistance to the security sector.
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CBN APPROVES CIRCULATION OF OLD NOTES.(PHOTO).

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Finally, CBN Speaks On Old Naira Notes 

 MAR 7, 2023  Central Bank of Nigeria, Isa Abdulmumin, Nigerians, Old Naira Notes, Supreme Court



Following the new directive of Supreme Court, the Central Bank of Nigeria (CBN) spokesman, Isa Abdulmumin, has said that both the old and new naira notes are now legal tender.

Speaking on Tuesday, Abdulmumin said even though the CBN is yet to issue an official statement on the matter, Nigerians can now spend and collect both the old and new notes.

He added that the apex bank just wants to make life easy for Nigerians and has directed commercial banks to obey the supreme court ruling which extended the validity period of the old notes to the end of the year.

The CBN spokesman said, “Banks are paying old notes as well as new notes. They are all legal tender.

“Yes, the CBN has not issued an official statement on the issue. Anyone banks give to you, you can collect. We just want to make life easy for Nigerians.”

Abdulmumin expressed concern about the continued rejection of the old notes by some traders and transporters.

The CBN spokesman said the old notes should not be rejected as they are still a valid means of exchange.

He added: “No. They can’t reject it. It’s all legal tender.”

Recall that some states had dragged the Federal Government before the apex court over the controversy trailing the naira redesign policy of the CBN.

 

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