Kogi Government To Arrest Persons Rejecting Old Naira Notes

Governor of Kogi state Yahaya Bello has threatened to arrest and prosecute those rejecting the old Naira notes.

This was disclosed in a statement signed by the State Commissioner for Information and Communications, Kingsley Fanwo in Lokoja, Kogi state capital.

The governor described as “unacceptable” and “demeaning” the continuous rejection of the old Naira notes in spite of the ruling of the supreme court which is the highest court in Nigeria.

“This administration will not stand and watch some persons and businesses continue to reject the use of the old naira notes, even after the court judgement validating their use.

“To us, rejecting the old naira notes is a clear disobedience of the Supreme Court ruling, which shall be vehemently resisted.

“Anyone who rejects the old naira notes should be reported to the security and government authorities for immediate arrest and prosecution.

“Also, banks that refuse to accept old naira deposits shall be sealed up as the state government will not accommodate financial institutions that willfully disobey court orders, moreso, the orders of the highest court in Nigeria." 

The governor implored all residents of Kogi to endeavour to accept the old notes since the commercial banks have started issuing them (old naira notes) for day-to-day business transactions.

“As patriots, the people of Kogi are bound to also receive it, because we cannot continue to kill our economy after the Supreme Court has granted us freedom.”

“Consequently, the state government has set up a high-powered Committee to ensure full adherence and compliance to the ruling of the Supreme Court as regards the use of the old notes, ” Bello said.