By OLA MUDOPE, Ilorin –
Kwara State Governor, AbdulRahman AbdulRazaq has warned residents of the state against rejecting old Naira notes, saying that such act constitute a serious criminal offence under the law.
Governor AbdulRazaq, who stated this in a statement on Tuesday, advised residents of the state, especially traders, to collect and spend the old and new Naira notes as both are still legal tenders in the country.
He said: ““As per 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.
“Banks are now officially issuing the old Naira notes (including N500 and N1, 000).
“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.”
The governor added that: “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,” he urged.
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