From Biodun Esan, Ilorin Governor AbdulRahman AbdulRazaq of Kwara has warned residents that rejecting old Naira notes amounted to a crimin...
From Biodun Esan, Ilorin
Governor AbdulRahman AbdulRazaq of Kwara has warned residents that rejecting old Naira notes amounted to a criminal offence.
The governor therefore asked residents of the state, especially traders, to collect and spend the old and new naira notes.
A statement by the Governor Chief Press Secretary Rafiu Ajakaye in Ilorin on Tuesday said both old and new notes are still legal tenders in the country.
"Citizens are to note that rejection of the legal tender, such as the old naira note, is a serious crime under our law.
“Per the judgment of the Supreme Court of Nigeria and the latest circular of the Central Bank of Nigeria (CBN), the old naira notes still remain a legal tender in the country.
"Banks are now officially issuing the old naira notes (including N500, N1000).
"I therefore, urge all residents of our state to spend and receive both the old and the new naira notes.
“This appeal especially goes to our marketers/traders. Further rejection of the old naira notes is in breach of the Supreme Court judgment.
"Such rejection is also inflicting economic pains on ourselves. Traders, and indeed everyone in the state, can and should receive the old and new naira notes since commercial banks are now receiving the two.
"I also implore the banks to kindly extend every support within their powers to our people to ease all their transactions as things return to normal," the statement added
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