Accept old naira notes, Oyebanji urges Ekiti residents 

The governor of Ekiti State, Biodun Oyebanji has urged residents to continue to accept the old and new naira notes as means of transactions in line with the Supreme Court judgment.

Wakadaily reported that the apex court had ordered that old N200, N500, and N1,000 notes shall continue to be used alongside with the new naira notes till December 31, 2023.

However, markers in different state refused to accept the old naira notes as means of transaction, waiting for president Muhammadu Buhari to address the issues.

Meanwhile, the governor appealed to all businesses operating in Ekiti State to remain law abiding and accept the old naira notes.

He also urged banks “to make the naira notes available in all their branches and pay points and to all traders, business owners, service providers, okada riders, drivers, filling stations, gas plants, supermarkets, schools, hospitals, POS operators, to start accepting the old notes forthwith.

“To do otherwise would amount to defying the ruling of the highest court in the country and thwarting government efforts at reducing the hardship of the people.”

This was contained in a statement by the governors Special Adviser on Media, Yinka Oyebode, titled, “Oyebanji urges Ekiti residents to accept old naira notes’, said it was unlawful for any business owner or service provider to reject the old notes, adding that the “government will not hesitate to arrest and prosecute business owners found rejecting the old naira notes”.

Oyebanji said, “This is an appeal to all residents of Ekiti State to abide by the ruling of the Supreme Court which provides a reprieve for the people by extending the validity date of the old naira notes till December 31.

“The state government had joined other states to seek the intervention of the Supreme Court in reversing the new naira policy which the states averred had inflicted excruciating pain and hardship on the people in addition to crippling economic activities.”

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

Popular Related

Naira opens at N1,520 on the black market

On Monday, the foreign exchange market opened with the naira trading at N1,520 per dollar on the black market. This is a 1.32 percent...

FBNQuest Trustees promotes Islamic estate planning

In order to educate people about the significance of estate planning under Islamic law, FBNQuest Trustees, a division of FBN Holdings, teamed up with...

‘Thank you for always bringing so much love’ – Warri Pikin thanks godfather RMD

Comedian and actress Anita Asuoha, better known as Real Warri Pikin, recently shared some heartwarming moments online as she and her family welcomed veteran...

Naira increase to 1,609/$ at official market

On Wednesday, naira appreciated marginally against the United States dollar from N1,615.94 to N1,609  at the official market. This specify an increase of N6 or...

CBN introduces FX price verification system portal for importers 

The Central Bank of Nigeria, CBN, says a system for verifying foreign exchange prices has been put in place to provide importers access to...

23-year-old jailed in Ekiti for stealing phones

A 23-year-old guy identified as Emmanuel Ekundayo has been sentenced to one-year improvements for stealing mobile phones belonging to some students of the Bamidele...

Ban dollar cash transactions to save naira, operator urge Tinubu

Lai Omotola, the Group Managing Director of CFL, has asked President Bola Tinubu to sign an executive order banning dollar cash transaction to save...

UBA appoints first female CEO for Africa

Ghanaian-born Mrs. Abiola Bawuah has been appointed as the new Chief Executive Officer of United Bank for Africa, (UBA) Plc's Africa division. Bawuah would...

Naira increase in value to N1,382.95 following increase in dollar supply

The Naira, Nigeria's currency, strengthened to N1,382.95 per dollar on Tuesday because there was more dollar available in the official foreign exchange market. The Naira...

BRICS Bank announces plan to issue 30% of loans in local currencies

The New Development Bank (NDB), also known as the BRICS Development Bank, shiftes away from dollar as they announced plans to start lending in...