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Friday, June 2, 2023

Arrest anyone rejecting old notes in Kogi – Yahyaha Bello orders security operatives 

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Following the Supreme Court ruling ordering the use of the old Naira notes till Dec.31, 2023, the Kogi State Government on Friday ordered the arrest and prosecution of anyone or businesses found rejecting the notes.

A statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme Court”.

Fanwo said Yahaya Bello administration pursued the case in order to fight off the hardship occasioned by the unavailability of cash.

He said it was unacceptable that some persons and businesses continue to reject the old notes, even after the court validated their use.

“Rejecting the old naira notes is a clear disobedience of the Supreme Court ruling,” the commissioner stressed.

“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.”

Fanwo warned that the government will not accommodate financial institutions “that willfully disobey court orders, moreso, the orders of the highest court in Nigeria.

“Since the banks are issuing the old naira notes, they are bound to also receive it. We cannot continue to kill our economy after the Supreme Court has granted us freedom.”

The statement said a high-powered committee to ensure full adherence and compliance with the verdict will be set up.

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