Democracy Newsline NewspaperDemocracy Newsline Newspaper
  • Home
  • Politics
    Politics
    Show More
    Top News
    In Rivers, Asíwájú Tinubu harps on unity, non-violence
    3 years ago
    Kogi Guber: Olayinka Braimoh Popularity Soars Ahead of other candidates  
    2 years ago
    Labour Party Dismisses Report of Arrest of National Chairman
    2 years ago
    Latest News
    LG Election: Ebonyi Journalist Declares Interest for Ishielu Chairmanship Poll
    5 days ago
    APC Mobilization Gains Momentum in Otu Ward, Kabba/Bunu Local Government Area 
    3 weeks ago
    INEC Recognizes David Mark as ADC Chairman, Aregbesola as Secretary
    3 weeks ago
    Elrufai, politics is beyond mathematical projections – Edward Onoja
    4 weeks ago
  • Technology
    TechnologyShow More
    Key Takeaways from the Kogi Dialogue Marking Governor Ododo’s First Year in Office
    8 months ago
    Bala Wunti in the News Again
    8 months ago
    Dangote Refinery Slashes Ex-Depot Petrol Price to N890 Per Litre
    8 months ago
    Ajaokuta LNG Plants Will Position Kogi as a Key Player in Nigeria’s Energy Sector – Governor Ododo
    8 months ago
    Ughievwen Monarch Commends Tinubu for Approval of New 10,000 bpd Refinery in Imode
    8 months ago
Reading: PERSONS AND BUSINESSES THAT REJECT OLD NAIRA NOTES WILL BE APPREHENDED AND PROSECUTED – KOGI GOVT
Share
Notification Show More
Latest News
Aare Olayinka Segelu Hails Ladoja’s Coronation, Says New Olubadan’s Reign Will Usher Prosperity
News
INDEPENDENCE ANNIVERSARY MESSAGE: Professor Hafsat Abdullahi Umar Ganduje Congratulates Nigerians on 65th Independence Anniversary
News
Democracy Newsline Newspaper Celebrates Comrade Juwon Oloruntoba’s Birthday
News
A Parade of Power: Governor Yusuf’s Bold Rebuke Echoes Through Nigeria
News
Nigeria @ 65: Kabba/Bunu/Ijumu Federal Constituency Will Be Great Again
News
Aa
Democracy Newsline NewspaperDemocracy Newsline Newspaper
Aa
  • Economics
  • Politics
  • Business
  • Science
  • Technology
  • Home
  • Politics
  • Technology
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 Democracy Newsline All Rights Reserved.
Democracy Newsline Newspaper > News > Business > PERSONS AND BUSINESSES THAT REJECT OLD NAIRA NOTES WILL BE APPREHENDED AND PROSECUTED – KOGI GOVT
Business

PERSONS AND BUSINESSES THAT REJECT OLD NAIRA NOTES WILL BE APPREHENDED AND PROSECUTED – KOGI GOVT

Democracy Newsline
Last updated: 2023/03/10 at 2:39 PM
Democracy Newsline 3 years ago
Share
SHARE

KOGI STATE GOVERNMENT

PRESS STATEMENT

PERSONS AND BUSINESSES THAT REJECT OLD NAIRA NOTES WILL BE APPREHENDED AND PROSECUTED – KOGI GOVT

1. We congratulate Nigerians on the historic ruling of the Supreme Court, the highest court in Nigeria, to the effect that both the old and new naira notes remain legal tenders until December 31 , 2023 when the old notes will cease to be legal tender. What this means is that both the old and new naira notes can be accepted for the purpose of transacting business till the end of this year.

2. The reason the Kogi State Government joined other State Governments in the country to pursue the case was to ease the hardship occasioned by the unavailability of the new naira notes, which the court fully granted.

3. It is therefore unacceptable that some persons and businesses will continue to reject the use of the old naira notes, even after the court judgement validating their use. Rejecting the old naira notes is a clear disobedience of the Supreme Court ruling.

4. Anyone who rejects the old naira notes should be reported to security and government authorities for immediate action. Also, banks that refuse to accept old naira deposits shall be sealed as the State Government will not accommodate financial institutions that willfully disobey court orders, moreso, the orders of the highest court in Nigeria.

5. Kogites should note that since the banks are issuing the old naira notes, they are bound to also receive it. We cannot continue to kill our economy after the Supreme Court has granted us freedom. The State Government has therefore set up a high-powered Committee to ensure full adherence and compliance to the ruling of the Supreme Court.

6. Members of the Committee are the Commissioner for Finance, Budget and Economic Planning; Commissioner for Information and Communications; Commissioner for Commerce and Industry; the State Security Adviser and the Managing Director, Kogi Enterprise Development Agency. The Committee is to ensure that our people take full benefits of the Supreme Court ruling on the old naira notes and ease the hardship they have been subjected to by the policy that brought so much hardship to the people.

Kingsley Femi Fanwo
Hon. Commissioner for Information and Communications

10/03/2023

You Might Also Like

Sparks Fly at Stellenbosch Alumni Masterclass as Experts Chart Path for Boosting Intra-African Trade

Blockchain & Fintech vs Agricultural Investment in the 21st Century: Which Holds Africa’s Billion-Dollar Future?

Warri Oil & Gas Summit 2025 Set to Hold in Delta State

Gov Ododo Urges Investment in State’s Mineral Sector

Leke Abejide Legacy Defenders Set To Support 200 Small Scale Businesses For Grants.

Democracy Newsline March 10, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email
Previous Article Kogi Speaker Felicitates with Pastor Dele Ajigi on his Birthday Anniversary
Next Article APC Guber Ticket 2023: Kogi youths drum support for Banji Jimoh
1 Comment
  • gladys says:
    March 11, 2023 at 2:13 am

    I wish more guys were into anal http://tiny.cc/gz35vz

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

  • Advertise

Find Us on Socials

© Foxiz News Network. Ruby Design Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?