Rejection of Old Notes A Flagrant Disobedience of Rule Of Law- Akeredolu


Ondo State Governor, Rotimi Akeredolu on Thursday urged traders in the state to start accepting the old N200, N500 and N1000 notes.



Akeredolu said while denouncing the rejection of the old naira notes by traders, commercial motorist and business owners.

In a message to residents, Akeredolu said the rejection of the old notes is a flagrant disobedience to the rule of law and the Central Bank directives.

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“It’s imperative that I address you today because of the need to halt a self-induced pain currently being experienced by us all in the state.

“This is unfortunate and unexpected. It’s a flagrant disobedience to the law and the Central Bank directives.

“I, therefore, wish to inform you that the rejection of the old N1000, N500 and N200 notes by us will do us no good.

“Let us not create needless tension over the matter. Please collect, spend and exchange the old notes without any hindrance,” he said.

Akeredolu pointed out that the Supreme Court ruling states that old notes remain a legal tender till 31st December 2023.

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The apex court disclosed that the Central Bank of Nigeria (CBN), must continue to receive the old naira notes from Nigerians.


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