Ogun govt threatens to sanction businesses rejecting old naira notes
The Ogun State government has threatened to revoke the Certificate of Occupancy of any corporation or store rejecting the old naira notes in the state.
Governor Dapo Abiodun issued the warning in a statement posted on his social media handle on Friday
The governor’s warning followed similar orders issued by his Kaduna State counterpart, Nasir El-Rufai, and several others who insisted that the old N500 and N1000 notes remain legal tender.
Abiodun said: “The Ogun State Government will be revoking the certificate of occupancy of any corporation or store that rejects old Naira notes from members of the public in exchange for goods and services in the state.
“Commercial outlets are hereby reminded that there is an existing court order by the Supreme Court, the apex court in Nigeria, directing that old notes remain legal tender
Governor Abiodun had also visited some banks in Abeokuta, the state capital, to address the naira scarcity in the state.
The Supreme Court on Wednesday upheld its February 8 order stopping the Federal Government and its agencies from enforcing the February 10 deadline on the use of old N200, N500, and N1000 notes
However, in a national address on Thursday, President Muhammadu Buhari extended the validity of the old N200 notes till April 10.
He, however, said the old N500 and N1000 notes had ceased to be legal tender in Nigeria contrary to the order of the Supreme Court
