Gov Abdulrazaq To Kwarans: Recognize Old Naira Notes As ‘Legal Tender’ Without Delay

Governor AbdulRahman AbdulRazaq has asked residents of Kwara  state, especially marketers, to recognize the old and new naira notes as ‘circulating medium’  in the country.

The governor in a statement made available  to Team@orientactualmags.com by his Chief Press Secretary, Mr Rafiu Ajakaye noted that refusal to accept the old naira notes as means of payment will be tantamount to failure to comply with the Supreme Court ruling

“Cognizant of the judgment of the Supreme Court of Nigeria and the latest circular of the Central Bank of Nigeria (CBN), the old naira notes still remain a legal tender in the country.  Commercial banks are now officially issuing the old naira notes (including N500, N1000). I, therefore, urge all residents of our state to spend and receive both the old and the new naira notes.

This appeal especially goes to our marketers/traders. Further rejection of the old naira notes is in breach of the Supreme Court judgment. Such rejection is also inflicting economic pains on ourselves. Marketers, and indeed everyone in the state, can and should receive the old and new naira notes since commercial banks are now receiving the two. Citizens are to note that rejection of the legal tender, such as the old naira note, is a serious crime under our law.

I also implore the banks to kindly extend every support within their powers to our people to ease all their transactions as things return to normal’  the statement said- Team@orientactualmags.com
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