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Obey Supreme Court order on old naira, Akeredolu tells Buhari

GOVERNOR Rotimi Akeredolu has called on President Muhammadu Buhari-led Federal Government to obey the Supreme Court’s judgment on the validity of the old naira notes.

In a statement issued at the weekend in Akure, the state capital, Mr Akeredolu said the President should immediately direct Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), to revert to the status quo on the N1000, N500, and N200 old notes.

The Supreme court, in a unanimous decision by a seven-member panel of Justices, led Justice Emmanuel Agim, held that the old banknotes should remain valid legal tenders until December 31, 2023.

It held that the old Naira notes should also be used alongside the redesigned currencies.

In his statement, Akeredolu said, “We enjoin the Federal Government to obey the ruling of the Supreme Court immediately as there is no other alternative open to it.

“As we enjoin the officials of the Federal Government who may be directly involved in putting into effect the spirit and the letter of the Supreme Court ruling to do so immediately, the Ondo State Government will not hesitate to proceed against persons and institutions whose activities impede its ability to discharge statutory obligations to the people.”

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