The Abia Government has warned individuals, business entities and banks in the state not to reject the old naira notes.
Thd Secretary to Abia State Government Barr. Chris Ezem in a public announcement said that anyone that rejects the old notes risks facing a serious sanction.
“Further to the Supreme Court ruling extending the validity of the old 200,500 and 1000 naira notes as legal tender till December 31st 2023, Abia State Government advise Abians and residents in the State to feel free to carry out their financial transactions with the old naira notes alongside with the new notes as stipulated.
“Any individual, group, or business entity that rejects the old notes will be contravening the law of the Federal Republic of Nigeria and stand the risk of facing sanctions.
“All should be properly guided,” the announcement reads.
|Currencies||Buy Rate||Sell Rates|
|USD - NGN||970.00||990.00|
|EUR - NGN||1020.00||1035.00|
|GBP - NGN||1200.00||1235.00|