Reject Old Naira Notes, Go To Jail..Erring Banks To Be Sealed Off!

Kogi state Government has warned individuals and business Organisations not to reject the old naira notes, to avoid being prosecuted.

This was contained in a Press statement signed by Commissioner for Information and Communication, Kingsley Fanwo .

The statement also noted that banks that refused to accept old naira deposits shall be sealed off as the State Government would not accommodate financial institutions that willfully disobey court orders, moreso, the orders of the highest court in Nigeria.

The Commissioner said it was unacceptable that some persons and businesses would continue to reject the use of the old naira notes, even after the court judgement validating them as legal tender.

According to the government, rejecting the old naira notes was a clear disobedience of the Supreme Court ruling.

Fanwo in the statement further directed that anyone who rejects the old naira notes should be reported to security and government authorities for immediate action.

A committee made up of Commissioner for Finance, Budget and Economic Planning; Commissioner for Information and Communications; Commissioner for Commerce and Industry; the State Security Adviser and the Managing Director, Kogi Enterprise Development Agency has been constituted to monitor the trends.

The Committee is to ensure that residents take full benefits of the Supreme Court’s ruling on the old naira notes and ease the hardship they have been subjected to by the policy that brought so much hardship to the people.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: