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The Ekiti State authorities stated it could arrest and prosecute merchants and repair suppliers who reject the previous N500 and N1000 denominations.
This was disclosed in a press release by Mr. Yinka Olubode, the Particular Adviser to the Ekiti State Governor on Media.
He urged merchants to just accept the previous N500 and N1000 notes as they continue to be authorized tender by advantage of the ruling of the Supreme Courtroom which prolonged its validity until Dec, 31.
Extra particulars on this: The assertion learn that the Governor was fearful concerning the hardships being confronted by residents because of the low circulation of the brand new redesigned Naira notes, citing the March 3 ruling, prolonged the validity date for the previous naira notes. A part of the assertion stated:
- “That is an attraction to all residents of Ekiti to abide by the ruling of the Supreme Courtroom, which has supplied a reprieve for the folks by extending the validity date of the previous naira notes until Dec., 31.
- “As honorable folks, what is anticipated of us is to abide by the ruling of the apex court docket and proceed to just accept the previous naira notes as technique of transactions and to not inflict additional hardship on each other by rejecting it.
- “Authorities is not going to hesitate to arrest and prosecute enterprise homeowners discovered rejecting the previous naira notes.”
The governor, urged the market ladies and men, artisans, transporters, filling stations, grocery store homeowners, and college proprietors to stay legislation abiding and settle for the previous naira notes, including the CBN ought to make previous and new currencies out there.
In case you missed it: The Governor of Ondo State, Governor Rotimi Akeredolu had additionally earlier this week warned residents of the state that the refusal to just accept previous naira notes as directed by the Supreme Courtroom is a flagrant disobedience to the legislation and the Central Financial institution of Nigeria.
He urged that the Supreme Courtroom judgment implies that it removes the every day ache, discomfort, and trauma that individuals have confronted over the previous few months.
Akeredolu stated he wanted to deal with residents because of the must halt a self-induced ache presently being skilled within the state on account of the circulation and use of the previous naira notes in our financial system.
- “It’s of nice concern to me, that a big part of our folks within the state, significantly merchants in our markets, taxi and bus drivers, barbers, auto mechanics, and artisans are rejecting the previous naira notes thereby inflicting and sustaining pointless ache on their fellow residents and clients.”
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