Nasir el-Rufai, governor of Kaduna, says the old and new notes remain legal tender in the state pending the supreme court’s decision.
In a televised address on Thursday morning, Buhari said he has directed the Central Bank of Nigeria (CBN) to extend the validity of old N200 notes till April 10.
The president also said all existing old N1,000 and N500 notes will remain redeemable at the CBN and designated points for 60 days.
This came less than 24 hours after the supreme court insisted that the old notes were still valid, and adjourned the case filed by several states — including Kaduna — challenging the deadline on the old notes till February 22.
In a broadcast on Thursday, el-Rufai said all the old notes would remain legal tender until the apex court determines the suit on the matter.
He also assured residents of the state of efforts to ease the hardship caused by the scarcity of naira notes.
On behalf of the government of Kaduna state, I wish to express my deepest regret at the needless suffering you are enduring as a result of the prolonged fuel shortage and the difficulties occasioned by the so-called ‘currency redesign’ policy of the Central Bank of Nigeria,” the Kaduna governor said.