Abia govt threatens to sanction persons, businesses rejecting old naira notes
The Abia State government says it will sanction any person, group or business entity that rejects the old N500 and N1,000 notes for business transactions.
The threat is contained in a statement issued by the Secretary to the State Government, Chris Ezem, and made available to journalists in Umuahia on Saturday.
Mr Ezem stated that the decision was in line with the Supreme Court ruling extending the validity of the old 200, 500 and 1000 naira notes as legal tender to December 31.
“Abia State Government advises Abia residents to feel free to carry out their financial transactions with the old naira notes alongside the new notes as stipulated.
“Any individual, group or business entity that rejects the old notes will be contravening the law of the Federal Republic of Nigeria and stands the risk of facing sanctions,” Mr Ezem added.
(NAN)
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
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
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.”
Anti-Corruption
Nine suspects arrested in FBI’s latest operation against Yahoo Boys in Nigeria
The FBI boss made the disclosure on Sunday.
NationWide
Nigeria edge Uganda by 1 run to win Cricket World Cup Africa qualifier
Nigeria scored 148 runs in 19.4 overs before restricting Uganda to 147 for nine in 20 overs at the Nigeria Cricket Federation (NCF) Oval 1 on Sunday.
Heading 1
NiMet predicts three-day dust haze, thunderstorms nationwide from Monday
For Wednesday, the agency forecast sunny and hazy conditions across the northern region throughout the day.
Health
Ebola: Kebbi intensifies surveillance at airport, borderÂ
Mr Abubakar stressed the state government’s commitment to protecting residents through proactive disease surveillance.
NationWide
Osoba celebrates veteran journalist Bonuola at 80
Mr Osoba described Mr Bonuola as a serious minded intellectual.
NationWide
SDP presidential candidate seeks balanced media coverage of political parties
Mr Adebayo urged political parties to present clear policy proposals to address the country’s challenges.
