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

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.”

Rights
Two Ghanaian teachers arrested over alleged sexual abuse of minors
The police assured the public that the matter was being handled professionally.

Heading 5
Iran targets U.S. military site in Bahrain for first time in two months
CENTCOM said the claim that Iran had attacked a radar system was false.

NationWide
CBN Africa targets N10 million in telethon to support vulnerable Nigerians
The five-day fundraising broadcast, which began on November 9 and will end on November 13.

States
2027: Enugu community endorses NDC Reps candidate Arum
Mr Arum urged the stakeholders to participate actively in the electoral process.

Heading 2
GHIV Africa, UNICEF enrol 877 out-of-school children in Yobe
The commissioner reaffirmed the government’s commitment to ensuring access to education for every child in the state.

States
Oil Theft: Group rallies Niger Delta communities to support military
Mr Victor warned that oil theft and illegal refining were causing severe environmental damage, including pollution of rivers and groundwater.





