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Sunday, May 28, 2023

Old Naira: Kano State Government Threatens To Sanction Banks, Business Owners

Kano State Government has threatened to sanction erring banks and business owners that refuses to accept the old Naira notes as a means of exchange.

Governor Abdullahi Umar Ganduje, gave the warning in a statement issued by the state Commissioner for Information and Internal Affairs, Comrade Muhammad Garba.

He said government will not hesitate to revoke the operational licenses of major business owners or take action on anyone for refusing to accept the old Naira notes.

“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”, he added.

Governor Ganduje noted that some business owners such as Supermarkets, Malls, Banks, Restaurants, Hotels, Traders in markets, Filling Stations and motor parks among others are allegedly in the habit of rejecting the old Naira notes in business transactions.

He observed that this is not acceptable as it is further worsening the already tensed situation exacerbated by the non availability of the new Naira notes.

“The people have suffered enough untold hardship and therefore the state government would not fold its arms and allow few selfish elements in our midst to worsen the situation”, the Governor added.

He, therefore, appealed to  people in the state to continue with their lawful businesses and report anyone who refuses to accept the old Naira notes to the appropriate quarters.

It could be recalled that the state government has, over the weekend, shut down a popular supermarket, WELLCARE, for refusing to accept old Naira notes from its customers

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