Gov. Badaru
The Jigawa State Government has said the old naira notes would continue to be used as legal tender in the area, while awaiting the judgement of the Supreme Court.
The state’s Commissioner for Information, Youths Sports and Culture, Bala Ibrahim Mamsa, announced the measure in a statement on Thursday on behalf of Governor Mohammed Badaru Abubakar.
The Commissioner said: “Jigawa State is among the states before the Supreme Court of Nigeria the CBN and the court have issued an order
‘…Restraining the CBN from suspending or determining or ending on the 10th of February, 2023 the time frame within which the now older versions of the 200, 500 and 1000 denominations of the naira may no longer be legal tender pending the hearing and determination of the …. Motion on notice…’”
According to him, the state government had enjoined its citizens to obey the law and not cause hardship.
Mamsa stated that the government got wind of individuals and corporate bodies rejecting the now old N200, N500, and N1000 notes.
Threatening that the government would sanction those rejecting the old naira notes, the Commissioner, instructed the public to report any trader or organizations refusing to accept the old N200, N500 and N1000 notes.
