Governor Obaseki begs Edo residents to accept old N500 and N1000 notes

The Edo State Governor, Godwin Obaseki, has begged residents of the state to accept the N500 and N1000 notes.

His appeal comes after the Supreme Court ruled that the old notes remain legal tender till December 31, 2023.

Obaseki's government is one of the co-defendants with the federal government against Kaduna and some other state governments that urged the Supreme Court to nullify the February 10 deadline for old naira notes set by the Central Bank of Nigeria (CBN).

In a statement on Thursday, March 9, by the Commissioner for Communication and Orientation, Chris Nehikhare, the old notes should be accepted alongside the new ones to facilitate trade and boost economic activities.

He said: “With the Supreme Court judgement, the controversy over the circulation of the notes have been put to rest and the people are urged to accept and trade with the notes.

“We are also exploring other means of transaction such as electronic transfers, among others, as all issues of cash available are addressed by the relevant government agencies.”