Kogi State Government has warned individuals and business Organisations not to reject the old naira notes, or risk prosecution.
This was contained in a Press statement signed by Commissioner for Information and Communication, Kingsley Fanwo, and made available to journalists on Friday in Lokoja.
In the statement, Kingsley Fanwo said it is unacceptable that some persons and businesses will continue to reject the use of the old naira notes, even after the court judgment validating its use.
According to the government, rejecting the old naira notes is a clear disobedience of the Supreme Court ruling.
Fanwo in the statement further directed that anyone who rejects the old naira notes should be reported to security and government authorities for immediate action.
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The statement also noted that banks that refuses to accept old naira deposits shall be sealed off as the State Government will not accommodate financial institutions that willfully disobey court orders, moreso, the orders of the highest court in Nigeria.
A committee made up of Commissioner for Finance, Budget, and Economic Planning; Commissioner for Information and Communications; Commissioner for Commerce and Industry; the State Security Adviser, and the Managing Director, of Kogi Enterprise Development Agency, have been constituted to monitor the trends.
The Committee is to ensure that residents take full benefits of the Supreme Court ruling on the old naira notes and ease the hardship they have been subjected to by the policy that brought so much hardship to the people.
Editor: Hadiza.A.A
