The Jigawa State Government has vowed to uphold the Supreme Court’s order prohibiting the Federal Government from removing the old naira notes from circulation as legal tender.
This was stated in a public notice distributed to journalists by Jigawa State Commissioner for Special Duties Auwal Sankara.
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Commercial banks, corporate organizations, ministries, agencies, and traders must accept the old notes or face sanctions from the state government, according to the public notice.
“It has come to its notice some individuals and corporate bodies are rejecting the now-old N200, N500, and N1,000 notes. The Jigawa State Government is concerned about the conduct of such individuals,” it read.
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“Jigawa State Government respects the rights of its people, and those who reject the now-old currencies are enjoined to desist from disobeying the law and causing hardships to the people of Jigawa State,” the statement continued.
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“The Jigawa State Government will not hesitate to rely on Section 287(1) of the Constitution (as amended) and other existing laws to enforce the Supreme Court of Nigeria’s order.”
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The Supreme Court of Nigeria previously issued an order “restraining the Federal Government of Nigeria, either by itself or through the Central Bank of Nigeria CBN and/or commercial banks, ministries, parastatals, organizations, or through any person or persons (natural and artificial) howsoever, from suspending or determining or terminating on the 10th of February, 2023 the time frame within which the now older versions of the 200, 500, and 1000 naira denominations of the naira shall be suspended or determined.
Source: ChannelsTv website.
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