Categories: BusinessCompaniesNews

Ogun gov to coys: Reject old naira notes, I’ll revoke your land

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.

The Star

Segun Ojo

Recent Posts

Governor orders aides to declare assets

Kano State Governor Abba Yusuf has directed all his political appointees to declare their assets.…

22 minutes ago

Nnamdi Kanu apologises for insulting judge, lawyers

The leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, has tendered an…

29 minutes ago

Heirs Holdings partners GIVO Africa to tackle plastic waste

Heirs Holdings has announced a partnership with GIVO Africa, a climate technology and recycling company,…

3 hours ago

Global flights disrupted over fire at UK’s Heathrow Airport

Heathrow Airport in the United Kingdom (UK) has announced it would be closed on Friday,…

3 hours ago

Trump signs order dismantling U.S. education department

United States President Donald Trump has signed an executive order intended to essentially dismantle the…

4 hours ago

Gunmen kidnap FRSC officer in Benue

Gunmen have abducted an officer of the Benue State command of the Federal Road Safety…

4 hours ago