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Confusion as NNPC petrol station rejects previous Naira forex

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Some clients on the Nigerian Nationwide Petroleum Cooperation (NNPC) gas retail station on Friday had been surprised following the rejection of previous Naira notes by the station attendants.

The attendants reportedly stated that the rejection as a result of February 10, 2023 deadline set by the Central Financial institution of Nigeria (CBN), to swap previous #200, #500 and #1,000 notes for brand new ones.

Although the purchasers had been suggested by the administration to utilize the Level of Sale (POS) service made out there on the station, lots of them (clients) stated they don’t have cash of their accounts.

The motion of station administration got here regardless of the Supreme Courtroom ruling on Wednesday that the deadline needs to be suspended pending the willpower of the case introduced earlier than it by the governors of Kaduna, Kogi and Zamfara States.

In addition to, the Legal professional Basic of the Federation, Abubakar Malami had stated the Federal authorities will obey the Supreme Courtroom ruling.

Malami stated the federal government was hopeful that the ex parte ruling which expires on Wednesday, February 15, 2023, could be upturned.

Based on him, an interim order was granted by the Supreme Courtroom and that order was to lapse on Wednesday (February 15) and by the way, that was the day the court docket mounted for listening to of the movement,” Malami stated.

“With the place in thoughts, we now have taken steps to file our objection difficult the jurisdiction of the court docket to entertain the matter. Jurisdiction on the bottom that whenever you speak of financial coverage, Centrall Financial institution is an indispensable and mandatory social gathering within the matter”, Malami said

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