Zamfara Governor orders arrest of those rejecting old naira notes
Finance News

Zamfara Governor orders arrest of those rejecting old naira notes

Zamfara State Governor, Bello Matawalle has directed security agencies in Zamfara State to arrest those rejecting the old naira notes.Information Guide Nigeria

In a statement by his media aide, Jamilu Iliyasu, Matawalle said: “Anyone who refuses to accept the old currency notes of N200, N500, and N1000 in the state should be arrested.”

According to PEOPLES GAZZETE, Governor Matawalle said this during the swearing-in of four newly-appointed High Court judges and nine special advisers to beef up justice administration and other affairs.

Mr Matawalle noted that the old currency notes remained legal tender until the final verdict of the Supreme Court on the matter.

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He said: “Myself, Kogi, and Kaduna State counterparts are seeking the Supreme Court to order the extension and validity of the old 200, 500, and 1000 naira notes.NYSC portal

“As you are all aware, the economy of the country has been plunged into a serious crisis by the decision of the CBN to cease recognition of the old Naira notes as legal tender from February 10.

“This decision compounded the already dire situation of our state, occasioned by banditry and sundry crimes, which significantly disrupted economic activities in the state and the subregion over the years.”

The governor stated: “Our aim is to ensure that both the new and old naira notes remain as legal tender beyond February 10.

“The apex court has already given an interim injunction barring the CBN from enforcement of its plan of derecognising the old notes as legal tender from today, pending its final ruling on the matter on February 15.

“This courageous decision by the Supreme Court has no doubt saved the country from sliding into a crisis of great proportion that may affect the peace and stability of the country and possibly prevent the holding of the general elections billed for this month.”JAMB Result

(NAN)

 

 

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

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