BREAKING: Kaduna Governor Says N500, N1,000 Notes Remain Legal Tenders
Finance News

BREAKING: Kaduna Governor Says N500, N1,000 Notes Remain Legal Tenders

Kaduna State Governor, Nasir El-Rufai says he will remain true to the Supreme Court order that affirms the old naira notes as legal tender.Information Guide Nigeria

This is against President Muhammadu Buhari’s directive that only allows the old N200 naira denomination as legal tender.

According to LEGIT.NG, Nasir El-Rufai told Kaduna residents that the law is on the people’s side and they can continue to use the old naira notes.

Recall that El-Rufai and some other governors of the ruling All Progressive Congress (APC) are not in support of President Buhari and the Central Bank of Nigeria (CBN) implementation of the new naira policy.NYSC portal

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Governor El-Rufai, in his speech, said: “There is no reason why the old notes and the new notes should not coexist until the old notes are gradually withdrawn over the years as is done in the United Kingdom, Saudi Arabia, and other countries.

“On behalf of the Kaduna State Government, I wish to assure you that none of you would lose the money you have in old notes.

“Let no artificial and illegal deadline frighten you. Whether you live in towns, villages or in our isolated rural communities, do not feel stampeded to deposit your old notes in the banks. Hold on to them. “Continue to use them as legal tender as ordered by the Supreme Court of Nigeria.JAMB Result

“No deadline can render them worthless, ever. The law is on your side.”

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Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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