Kogi Govt Warns Against Rejection Of Old Naira Notes News Nairanotes
The government gave the warning in a statement signed in Lokoja by the state commissioner for Information, Kingsley Fanwo.
Fanwo in the statement congratulated Nigerians on the ruling of the Supreme Court that the old and new notes remain legal tenders until December 31, 2023 when the old notes would cease to be legal tenders, which means both the old and new naira notes can be accepted for the purpose of transacting business till the end of this year.
The statement said; “The reason the Kogi State government joined other state governments in the country to pursue the case was to ease the hardship occasioned by the unavailability of the new naira notes, which the court fully granted. “It is therefore unacceptable that some persons and businesses will continue to reject the use of the old naira notes, even after the court judgement validating their use. Rejecting the old naira notes is a clear disobedience of the Supreme Court ruling.
“Anyone who rejects the old naira notes should be reported to security and government authorities for immediate action. Also, banks that refuse to accept old naira deposits shall be sealed as the State Government will not accommodate financial institutions that willfully disobey court orders, Moreso, the orders of the highest court in Nigeria.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: Kogi govt orders arrest of persons, businesses rejecting old naira notesThe Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes. A statement by
Read more »
Lagos Market Inferno: Ohanaeze Warns Against Threats On IgboApex Igbo socio-cultural organisation, Ohanaeze Ndigbo has condemned the inferno at Akere Spare Parts Market, Lagos which destroyed billions of naira worth of
Read more »
Group warns against fake news, says workers fully behind AbiodunA group, Ogun Integrity Vanguard, has dismissed as fake news the story published by an online medium, Eagles Times, claiming that civil servants in Ogun State had resolved to vote Governor Dapo Abiodun out of office. In a statement signed by its Secretary, Duro Thomas and made available to newsmen in Abeokuta, yesterday, the group, while describing the publication as a comedy taken too far, wondered why failed but desperate politicians would hide behind disreputable online blogs to purvey falsehood against a performing governor.
Read more »
Akeredolu warns against rejection of old naira notes in OndoOndo State Governor, Oluwarotimi Akeredolu, yesterday, decried continued rejection of old naira notes by traders and business owners in various parts of the state. He said the rejection of the old N1,000, N500 and N200 notes was a flagrant disobedience to the law, particularly since the apex court had ruled that the old currency notes must remain as legal tender in exchange of goods and services in the country till December 31, 2023.
Read more »
Troops foiled thugs’ attempt to disrupt presidential, NASS elections in Kogi, others - DHQThe troops also recovered three pump action guns, two locally fabricated AK 47 rifles, six locally made assorted guns and two daggers from the thugs.
Read more »
Kogi to arrest, prosecute persons rejecting old naira notes | TheCableThe Kogi government has threatened to arrest and prosecute persons and businesses rejecting the old naira notes.
Read more »