Okezie Ikpeazu, governor of Abia State, has stated that any individual or business entity that refuses to accept the old notes is breaking the law of the Federal Republic of Nigeria and will face sanctions.
In a statement issued on Saturday, the Secretary to the State Government, Chris Ezem, urged residents not to discard the old Naira notes, stating that they are still legal tender in the country.
The statement also advised Abians to feel free to conduct financial transactions using the old notes alongside the new notes as specified.
The statement read in part:
December 31st 2023, Abia State Government advise Abians and residents in the State to feel free to carry out their financial transactions with the old naira notes alongside with 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 stand the risk of facing sanctions.
All should be properly guided.
News Update The INEC has announced vacancies and recruitment portal opening for registration of eligible…
THE Osun State chapter of the All Progressives Congress, APC, has said it would adopt…
THE All Progressives Congress (APC) has appointed Uba Sani, Governor of Kaduna State, as Chairman…
News Update APPOINTMENT OF ACTING RECTOR FOR RUFUS GIWA POLYTECHNIC, OWO The Governor of Ondo…
THE Economic and Financial Crimes Commission, EFCC, has cautioned individuals and content creators against the…
Some filling stations across Nigeria have reduced the pump price of petrol as they compete…