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Kogi: Govt threatens to arrest, prosecute persons, businesses rejecting old naira notes

    THE Kogi State government has threatened to arrest and prosecute individuals and companies who refuse to accept outdated naira notes in the state.

    The state Commissioner for Information and Communication, Kingsley Fanwo, stated in a statement that rejecting the old naira notes is a clear violation of the Supreme Court order.

    He stated that it is unacceptable that some individuals and businesses continue to reject the use of old naira notes after the Supreme Court decided that both old and new naira notes are legal tender until December 31, 2023.

    The Commissioner has encouraged Kogi residents to report anyone who refuses to accept old naira notes to security and government agencies for urgent action.

    He further stated that banks that refuse to take old naira deposits will be closed down because the State Government will not tolerate financial institutions that willfully ignore court rulings, particularly those issued by Nigeria’s highest court.

    According to the statement, the Kogi State Government has formed a high-powered committee to guarantee full adherence and compliance with the Supreme Court’s order.

    The Commissioner for Finance, Budget, and Economic Planning, the Commissioner for Information and Communications, the Commissioner for Commerce and Industry, the State Security Adviser, and the Managing Director of Kogi Business Development Agency are all members of the Committee.

    The Committee’s mission is to guarantee that people fully benefit from the Supreme Court judgement on old naira notes and alleviate the burden caused by the policy that has caused so much hardship to the people.

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    Naija Times