The Ondo State Governor Rotimi Akeredolu, has urged traders and business owners in the state to start accepting the old N200, N500 and N1000 notes.
Akeredolu made this known on Thursday, while lamenting the rejection of the old notes by traders in the State.
In a statewide broadcast in Akure, the governor said the rejection of the old naira notes was a flagrant violation of the law.
“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.
The Governor stated that the Supreme Court had ruled that the old naira notes remain legal tender till December 31, 2023, thus, all and sundry must obey the court.
The Supreme Court had earlier ruled that the Old naira notes remain legal tender till December 31, compelling the Central Bank of Nigeria (CBN) to continue accepting the old notes from Nigerians.
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