Continue to spend old notes, Tinubu will reverse decision when he wins: El-Rufai

Kaduna governor Nasiru El-Rufai has urged citizens to disregard the Central Bank’s directive and continue to transact with old denominations of the naira notes which the apex bank is phasing out. He said the policy will be reversed once APC presidential candidate Bola Tinubu becomes president.
“Everyone, especially people in Kaduna should not be disturbed because of the naira swap deadline,” said the Kaduna governor in the Hausa language. “Continue running your businesses and daily activities with whatever notes (old or new) you have.”
He added, “And we will make sure to address this problem as soon as we win the election. That will be the first issue to tackle if we win the election.”
Mr El-Rufai made the assertion while speaking with a political audience in his state, urging them to stop thronging banks to swap their old notes or obtain new ones.
The Godwin Emefiele-led CBN had said old denominations of the N200, N500 and N1000 notes would cease to be Nigerian legal tender from February 10 as a major plank of its new cash policy. The decision has left many Nigerians in quandary as the new notes remain acutely scarce.
“Don’t rush yourself into taking old naira notes to the bank, and wasting your time in the unnecessary queues at the bank. Nobody can stop you (people) from using the notes,” Mr El-Rufai assured.
“When we come to power, (Insha Allah), if Bola Tinubu becomes the president, we’ll give people more time to get rid of the old naira notes.”
On Wednesday, the Supreme Court temporarily stopped the Central Bank from withdrawing old naira notes from circulation. This followed a suit by governors of Kaduna, Zamfara and Kogi.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Politics
I won’t focus on religion, ethnicity in my 2027 presidential election campaign: Obi
“Daddy, I need you to speak to your people in the South-West and Kwara, the Christians in the South-West and Kwara,” Mr Obi said in 2023. “This is a religious war.”

Politics
Elegushi hails Olu of Warri on fifth coronation anniversary
The traditional ruler of Ikate-Elegushi Kingdom, Saheed Elegushi, has praised the Olu of Warri, Ogiame Atuwatse III, for five years of purposeful leadership.

Politics
Women networks unveil ‘Project 4+4’ for Tinubu, Shettima
APC women have unveiled the ‘Project 4+4 for Tinubu/Shettima 2027’.

Rights
Rivers: NAPTIP seals off ‘baby factory’ in Port Harcourt
NAPTIP says it has sealed a maternity home in Port Harcourt, Rivers, suspected of operating illegal baby factory activities and trafficking children.

Anti-Corruption
Procurement bureau seeks stronger CSO participation in public procurement monitoring
BPP has called for stronger participation of civil society organisations in monitoring Nigeria’s public procurement system to ensure value for public expenditure.

States
Nigerian man arrested for multimillion-naira visa fraud, risks years in jail
A 53-year-old man, Babalola Waheed, was arraigned on Friday on charges of multimillion-naira visa fraud.






