Kano Governor Warns Banks, Business Against Rejecting Old Naira Notes

The Kano State government has warned that it would not hesitate to revoke the operational licenses of significant business owners or take action on anyone who refuses to accept the old naira notes as a means of transaction

Governor Abdullahi Umar Ganduje, who handed down the warning in a statement issued by the commissioner for information and internal affairs, Malam Muhammad Garba, said the old naira notes are still legal tender.

He said the Supreme Court was emphatic on its interim injunction on the issue of the old naira notes which would continue to be used as legal tender hand-in-hand with the new ones until its gradual and final phase-out.

The governor noted that it has come to the notice of the government that some business owners such as supermarkets, malls, banks, restaurants, hotels, traders in markets, filling stations, and motor parks, among others, are in the habit of rejecting the old naira notes in a business transaction.

The Kano governor further observed that the non-acceptance of the old naira notes was worsening the already tensed situation exacerbated by the non-availability of the new naira notes.

“Business and economic activities are seriously affected by the naira redesign and unfortunately some self-centred individuals are cashing in on the situation to cause further hardship on the people by not accepting the old naira notes during transactions,” the statement added.

He said the people have suffered enough untold hardship and therefore the state government would not fold its arms and allow a few selfish elements to worsen the situation.

The governor called on the people in the state to continue with their lawful businesses and report anyone who refuses to accept the old naira notes to the appropriate quarters.

Recalls that the state government on Sunday locked up a supermarket for refusing to collect old Naira notes from residents in the state.

SOURCE: DAILYTRUST

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