Old Naira Notes: Despite CBN Directives, Gov. Ganduje Dares Businesses Owners

The Kano State Government has dared business owners in the state to reject old Naira notes and risk losing their operational licenses or face sanctions.

Naija News reports that this is coming amidst the new directives of the Central Bank of Nigeria, insisting that the old notes ceased to be legal tender since February 10 deadline.

The decision has created outrage in the country as the act was termed as disobedience to the order of the Supreme court.

However, the state Governor, Abdullahi Ganduje, in a statement issued by the Commissioner for Information and Internal Affairs, Malam Muhammad Garba, averred that the old Naira notes are still legal tenders.

He said the Supreme Court was emphatic on its interim injunction on the issue of old Naira notes which would continue to be used as legal tender hand in hand with the new ones until a gradual and final phase-out.

According to him, the redesign policy is seriously affecting economic activities and the non-acceptance of the notes by some selfish individuals is further worsening the already tense situation and causing hardship for the people.

The governor further called on residents of the state to continue with their lawful businesses and report anyone who refuses to accept the old Naira notes to the appropriate authority.

Ganduje added that the people have suffered enough untold hardship and the state government would not fold its arms and allow a few selfish elements to worsen the situation.