Ogun Govt Vows To Clamp Down On Business Owners Rejecting Old Naira Notes As Bank customers Besiege CBN To Deposit Old Notes - EDU-BIZNEWS

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Wednesday, February 15, 2023

Ogun Govt Vows To Clamp Down On Business Owners Rejecting Old Naira Notes As Bank customers Besiege CBN To Deposit Old Notes







Ogun State Government has vowed to clamp down on banks and  business owners  rejecting the old naira notes, even as hundreds of bank customers on Wednesday besieged premises of the Abeokuta branch of the Central Bank of Nigeria (CBN) to deposit  old naira notes of N200, N500 and N1,000 into their respective bank accounts

Governor Dapo Abiodun who  reiterated his earlier warning last Tuesday to shut down any of the commercial banks rejecting such old notes, says part of the measures being considered may include getting security agencies to arrest anyone who refuses to accept old Naira notes

The governor said the directive became imperative after an on-the-spot assessment of business transactions at some filling stations in Ijebu-Ode.

Abiodun in a statement issued by his Chief Press Secretary, Kunle Somorin, on Wednesday, stated that old Naira notes of N1000, N500 and N200 are still valid and anyone who refuses to accept the old currency would be dealt with according to the dictates of the law.

According to the governor, “it has come to the notice of the State Government that some people and traders were rejecting the old Naira notes from the citizens, a development that is not healthy thereby inflicting untold hardship on the people of the State”.

Abiodun says the old Naira notes are still valid and anybody found rejecting them would be arrested and prosecuted, calling on the people to go about their legitimate businesses and report any person who refuses to accept the old Naira notes to Security Agencies for necessary action.

The governor who urged the people not to take laws into their hands, directed those whose old notes are rejected to report erring business operators to the State Government through the telephone numbers; 09099611266 and 08103341344.

Edu-biznews observed that several bank customers stormed the Abeokuta branch of the apex bank at Ibara at early hours of Wednesday till 3:30 pm making frantic efforts to deposit the old naira notes rejected by commercial banks into their various bank accounts

Most of the banks in the city for the second day shut their gates to customers, to prevent being attacked by angry customers

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