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General News of Wednesday, 15 February 2023

Source: legit.ng

Trouble as another Influential southwest governor threatens to close banks rejecting old naira notes

Governor Dapo Abiodun Governor Dapo Abiodun

The governor of Ogun state, Dapo Abiodun, has issued a warning to commercial banks rejecting the old naira notes from customers and residents in the state.

Daily Trust reports that Abiodun said his administration will shut down any commercial bank involved in such activity.

Reacting to reports of the rejection of old notes as legal tender by some commercial bank and business owners in the state, Abiodun warned that his government will not tolerate such in the state.

The rejection of the old naira notes by most business owners followed the expiration of the February 10 deadline given by the Central Bank of Nigeria.

Legit.ng gathers that this deadline expiration takes effect in some areas despite the ruling of the Supreme Court on the matter.

However, while addressing market men and women at Itoku Kampala market in Abeokuta, as part of his re-election campaign, Abiodun, who frowned at the action of the banks, said that since the new naira are not available to residents, the old notes must be accepted to ease the challenges faced by the people.

The Punch reports that the governor also urged residents of Ogun state to remain calm while the government is working to ensure that everything is brought under control.