Connect with us

News

BREAKING: Government Orders Arrest Of Nigerians Rejecting Old #Naira Notes

Published

on

BREAKING: Government Orders Arrest Of Nigerians Rejecting Old #Naira Notes—The Genius Media Nigeria reports that The Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes.

This was made known in a statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme Court”.

The apex court last week ruled that both the old and new naira notes remain legal tenders until December 31, 2023.

Fanwo explained that the Yahaya Bello administration joined other states to pursue the case to ease 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 announced the establishment of a high-powered committee to ensure full adherence and compliance to the verdict.

GET IT NOW

News42 seconds ago

The truth about Mohbad’s death would’ve been exposed if he and Portable were friends – Data Analyst

Hiphop44 seconds ago

MP3: Sinéad Harnett – Burn

Hiphop6 mins ago

MP3: Carin León Ft. Leon Bridges – It Was Always You

Hiphop11 mins ago

MP3: Beyoncé – AMERIICAN REQUIEM

Entertainment12 mins ago

Why my breakup with Burna Boy hurts me so much – British Rapper Stefflon Don opens up

Entertainment14 mins ago

Breakup With Burna Boy Hurts Me So Much, Still Find It Hard to Move On – British Rapper Stefflon Don Finally Spills

Hiphop16 mins ago

MP3: Beyoncé Ft. Tanner Adell, Brittney Spencer, Tiera Kennedy & Reyna Roberts – BLACKBIIRD

Entertainment18 mins ago

“I’m sorry, I didn’t give award, it was a stunt” – Eniola Ajao sets record straight as she debunks Bobrisky’s Award win

News21 mins ago

“I’m out here with y’all dad” – Shank Comics excited as he meets Burna Boy (Video)

Hiphop21 mins ago

MP3: Leigh-Anne – Stealin’ Love

Naija Music21 mins ago

MP3: Bayanni – Casanova

Entertainment22 mins ago

“I can’t even cry” – Heartbroken lady shares burnt-looking, poorly prepared pizza she ordered from Malete, Kwara State

Hiphop26 mins ago

MP3: Beyoncé Ft. Rumi Carter – PROTECTOR

Entertainment28 mins ago

“I can’t even play music in my own house” – Man laments loud snoring sound of his dog, Emeka

Entertainment30 mins ago

“Tell Baba Mohbad to get a court order for DNA to be done; he sees Liam as a competitor” – Mohbad’s wife, Wunmi cries out

Trending