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Naira: Ganduje threatens to sanction banks, others refusing old notes

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Ganduje called on people of the state to report anyone who refuses to accept the old naira notes to the appropriate security outfit for prompt action.

By Jeffrey Agbo

Kano State Governor Abdullahi Ganduje says he would sanction business owners who refuse to accept the old naira notes as legal tender.

Ganduje stated this in a release on Monday, noting that he would not hesitate to revoke the operational licences of such businesses.

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This is coming days after the Kano State Government shut down a supermarket for refusing to accept the old notes from the public.

The shortage of the new N1,000, N500 and N200 notes across the country has raised tension just days before the general elections.

In the statement issued by the Commissioner for Information and Internal Affairs, Muhammad Garba, on Tuesday, Ganduje explained that the Supreme Court was emphatic on its interim injunction on the issue of old naira notes which would continue to be used as legal tender hand in hand with the new ones until gradual and final phase out.

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Ganduje shuts popular Kano supermarket for refusing old naira notes

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Ganduje said that the state government observed business owners such as supermarkets, malls, banks, restaurants, hotels, traders in markets, filling stations, motor parks, among others, were in the habit of rejecting the old naira notes in business transactions.

The governor said that this non-acceptance by selfish individuals is further worsening the already tense situation exacerbated by the non-availability of the new naira notes.

He said the people have suffered enough untold hardship and therefore, the state government would not fold its arms and allow a few selfish elements in our midst to worsen the situation.

Ganduje called on people of the state to continue with their lawful businesses and report anyone who refuses to accept the old naira notes to the appropriate security outfit for prompt action.

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