• Business - Economy
  • Updated: March 13, 2023

Ogun Governor To Sanction Anyone Rejecting Old Naira Notes

Governor Dapo Abiodun of Ogun State has threatened to lock up banks, stores or supermarkets that refuse to accept the old N500 and N1000 notes.

This is according to a report from Daily Post.

The Governor stated that he would deal with any trader or service provider that refuses to recognise the old notes as legal tender.

He added that residents of the state should call him whenever a bank or supermarket rejects the old notes, saying he would shut down the business centre.

“I am hereby sounding a note of warning to every market, trader, petrol station, banker that is refusing old naira notes; if you’re reported to me, I will deal with you with the fullest extent of the law.

“The Supreme Court of Nigeria is the highest court of the land.

“The Supreme Court has ruled that the old naira notes remain legal tender. The deadline has been moved to December 31.

“I will lock up your shop if they tell me you don’t accept old notes.

“Anytime you take the old note to banks and they refuse to accept it, call me.

“I will lock up the doors of such banks, including supermarkets.

“You transport unions and transporters, don’t reject the old money.

“If you take it to the bank and it was rejected, I will collect it from you and take it to the bank myself,” Abiodun stated.

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Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

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