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Ogun To Revoke C Of O Of Companies & Stores Rejecting Old Notes
The Governor of Ogun State, Dapo Abiodun, has said the state will revoke the Certificate of Occupancy of companies or stores in the state found rejecting the old naira notes. The governor made this known in a Twitter post on Friday afternoon. Governor Abiodun reminded Ogun residents that the Supreme court has affirmed the use […]
The Governor of Ogun State, Dapo Abiodun, has said the state will revoke the Certificate of Occupancy of companies or stores in the state found rejecting the old naira notes.
The governor made this known in a Twitter post on Friday afternoon. Governor Abiodun reminded Ogun residents that the Supreme court has affirmed the use of old naira notes till further notice. He warned that any business or outlet rejecting the old currency will be shut down and have their certificate of occupancy revoked.
READ ALSO: All Old Notes Remain Legal Tender In Kaduna – El-Rufai
“The Ogun State Government will be revoking the Certificate of Occupancy, 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.”
On Wednesday, the governor also warned that the state government will shut any bank that refuses to accept old naira notes in the state.
READ ALSO: We didn’t Ask Banks To Collect Old N500, N1,000 Notes — CBN
This comes after the President, Major General Muhammadu Buhari (retd.) in a televised broadcast to Nigerians on Thursday, said that the old N500 and N1,000 notes are no longer legal tender in the country, urging Nigerians to deposit their old notes with the Central Bank of Nigeria and other provided outlets by the apex bank.
The president however, said that the old N200 note will remain legal tender for the next 60 days, till April 10, 2023.
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