VIDEO: Ogun gov warns businesses rejecting old naira notes

Alade Abayomi ADeleke
Alade Abayomi ADeleke
Dapo Abiodun

The Executive Governor of Ogun State, Dapo Abiodun, has issued a firm warning to business owners, merchants in the state to stop rejecting old naira notes.


The governor issued the warning in a video via his Twitter handle on Sunday.


In the video, he said, “I am hereby sounding a note of warning to every merchant, trader, banker, and petrol Station that is refusing old naira notes. If you’re reported to, I will deal with you to the fullest extent of the law.”


Meanwhile, on Monday, the Central Bank Governor, Godwin Emefiele, has ordered banks to dispense and accept old naira notes.


Emefiele made this known through the Governor of Anambra State, Charles Soludo, via his social media handle.


Soludo wrote, “Commercial banks have been directed by the Central Bank to dispense old currency notes and also to receive the same deposits from customers. Tellers at commercial banks are to generate the codes for deposits, and there is no limit to the number of times an individual or company can make deposits.


“The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March 2023. The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200, N500; and N1,000) and the new notes.”

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