The Supreme Court on Friday ordered that the old naira notes must remain in circulation until December 31 this year.

The apex court ordered the Central Bank of Nigeria (CBN) to allow both the old and new naira notes to circulate side by side till the end of the year.

All directives issued by President Muhammadu Buhari in respect of the naira's redesign and circulation were voided and set aside on grounds of illegalities and abuse of executive powers.

The apex court took a swipe at President Buhari for disobeying its interim order of February 8 to the effect that the old naira is allowed to be in circulation.

Justice Emmanuel Akomaye Agim held that the President exhibited and took the disobedience to the highest peak with his February 16 broadcast, in which he allowed only N200 notes alone.