Ogun State Governor, Dapo Abiodun, has vowed to revoke the Certificate of Occupancy (CofO) of any organisation that rejects old naira notes from customers in the state.
Abiodun said the Supreme Court has declared that the old denominations remain legal tender.
The governor said this via a series of tweets on his verified Twitter account on Friday.
There have been protests in the state and some parts of the country over the rejection of old N500 and N1,000 notes.
READ ALSO: Protesters block Lagos-Abeokuta expressway over rejection of old N500, N1,000 notes
Some aggrieved residents, on Friday, blocked the Lagos-Abeokuta expressway in Ogun State, stressing that filling stations have since been rejecting the old naira notes from customers.
Reacting, Governor Abiodun said: “The Ogun State Government will be revoking the certificate of occupancy, CofO of any corporation or store that rejects old Naira notes from members of the public in the state in exchange for goods and services.
“Commercial outlets are hereby reminded that there is an existing court order by the Supreme Court, the apex court in Nigeria, directing that old notes remain legal tender.”
President Muhammadu Buhari had, on Thursday, said the old N200 should be used with the new notes till April 10, 2023, while the old N500 and N1,000 notes ceased to be legal tender in the country.
- Premier League: Liverpool thrash Tottenham in 9-goal thriller - December 22, 2024
- EPL: Bournemouth thrash Man United at Old Trafford as Everton draw Chelsea - December 22, 2024
- ‘It’ll improve access to education’: Kaduna poly lauds Uba Sani on retirement age - December 22, 2024
