April 16, 2024

NAIRA REDESIGN POLICY: GOVERNOR YAHAYA BELLO ORDERS ARREST OF THOSE REJECTING OLD NAIRA NOTES

0
Spread the love

Kogi State Governor, Alhaji Yahaya Bello has directed Security Agencies in the State for the immediate arrest of those rejecting the old Naira notes.

A statement issued by Commissioner for Information Hon. Kinsley Fanwo stated that old Naira notes of N1000 and N500 are still valid and anyone who refuses to accept the old currency should be dealt with according to the dictate of the law.

According him, “it has come to the notice of Government that some people and traders were rejecting the old Naira notes from the citizens, a development that is not healthy thereby inflicting untold hardship on the people of the State and also against the judgement of the Supreme court”.

The Governor warned that the old Naira notes are still valid and anybody found rejecting them shall be arrested and prosecuted; while calling on the people to go about with their legitimate business and report any person who refused to accept the old Naira notes to Security Agencies for necessary action.

It would be recalled that the Supreme court had passed a judgement on the Naira redesign policy of the Central Bank of Nigeria (CBN) and directed that old naira notes should be spent until 31st December, 2023.

Leave a Reply

Your email address will not be published. Required fields are marked *