The Abia State Government says it will sanction any person, group, or business entity that rejects the old 500 and 1,000 naira notes in the state.
This was contained in a statement issued on Saturday by the Secretary to the State Government, Chris Ezem.
Ezem stated that the decision was in line with the Supreme Court ruling extending the validity of the old 200, 500, and 1000 naira notes as legal tender to December 31, 2023.
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“Abia State Government advises Abia residents to feel free to carry out their financial transactions with the old naira notes alongside the new notes as stipulated.
“Any individual, group or business entity that rejects the old notes will be contravening the law of the Federal Republic of Nigeria and stands the risk of facing sanctions,” the SSG noted.
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