The Jigawa State Government has declared that the old 500 and 1,000 naira notes will remain legal tenders in the state.
The Jigawa State Government, while warning against the rejection of the old naira notes in the state, vowed to enforce the Supreme Court order restraining the Federal Government (FG) from banning the old currency as a legal tender.
This was contained in a statement issued on Thursday by the Jigawa State Commissioner for Information, Youths, Sports and Culture, Bala Ibrahim.
The statement read: “The Jigawa State Government wishes to inform members of the Public that, it has come to its notice some individuals and corporate bodies are rejecting the now-old N200, N500, and N1000 notes.
“The Jigawa State Government is concerned about the conduct of such individuals and corporate bodies.
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“As a law-abiding Government, there are suits by various State Governments of which Jigawa State is among before the Supreme Court of Nigeria. The court has issued an order restraining the Federal Government of Nigeria, either by itself or acting through the Central Bank of Nigeria (CBN) and/or commercial banks, ministries, parastatals, organisations, or through any person or persons (natural and artificial) howsoever, from suspending or determining or ending on 10 February 2023 the time frame within which the now older versions of the 200, 500 and 1000 denominations of the naira may no longer be legal tender pending the hearing and determination of the motion on notice.
“Jigawa State Government respects the rights of its people and those rejecting the now-old currencies are enjoined to desist from disobeying the law and causing hardship to the people of Jigawa State.
“Jigawa State Government will not hesitate to use section 287(1) of the Constitution (as amended) and other extant laws to enforce the order of the Supreme Court of Nigeria.
“For clarity, the section provides, ‘The decisions of the Supreme Court shall be enforced in any part of the Federation by all authorities and persons, and by courts with subordinate jurisdiction to that of the Supreme Court’.
“People are advised to report any traders or business organisation that refuses to accept the now-old N200, N500, and N1000 notes as legal tender in Jigawa State to the nearest appropriate authorities,” the commissioner noted.
The Star recalls that President Muhammadu Buhari, in a nationwide broadcast on Thursday morning, said the old N200 note will remain a legal tender until April 10, 2023.
Buhari said the old and new N200 notes will exist side by side so as to ease the naira scarcity, adding that old N500 and N1,000 notes are no longer legal tenders.
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