Arrest Persons Or Businesses That Reject Old Naira Notes, Kogi Govt

Post created on 5:40 pm

The State Government of Kogi on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes.

In a statement released by Commissioner for Information, Kingsley Fanwo, he was congratulating Nigerians on the “historic ruling of the Supreme Court.”

Fanwo 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.”

The Commissioner, however, warned that the government will not accommodate financial institutions “that willfully disobey court orders from 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 announced the establishment of a high-powered committee to ensure full adherence and compliance with the verdict.