Reject old naira, lose your CofO, Abiodun threatens Ogun banks, others

The Ogun State Governor, Dapo Abiodun, on Friday stated that the state government would revoke the certificate of occupancy of any corporation who rejects the old naira notes.

This is coming in the wake of the recent statement from the Central Bank of Nigeria which stated that the old naira notes has ceased to become a legal tender.

The development has led to many banks and business centers rejecting the old naira as a means of transaction.

Reacting to the development, Dapo Abiodun through his official Twitter account tweeted, “The Ogun State Government will be revoking the certificate of occupancy, CofO of any corporation or store that rejects old Naira notes from members of the public in the State in exchange for goods and services.

“Commercial outlets are hereby reminded that there is an existing court order by the Supreme Court, the apex court in Nigeria, directing that old notes remain legal tender.”

It would also be recalled that Abiodun on Wednesday stated that the state government would be closing down any banks who reject the old naira notes.

Similarly,his counterparts in Kaduna State, Nasir El-Rufai, during a state broadcast on Thursday had stated that the old naira notes are still legal tender in his state.

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