Dapo Abiodun orders banks, companies in Ogun to disobey Buhari or have CofO revoked
Governor Dapo Abiodun of Ogun gave a directive to banks and other establishment operating in the state on Friday to accept old N1000 and N500 notes in defiance to the stance of the federal government.
He warned that commercial outlets who reject the old notes from customers would have their that the Certificate of Occupancy revoked.
The governor gave the warning in a series of tweets after riots ensued in some parts of the state.
Peoples Gazette had earlier reported that riots broke out in Mowe and Ibafo axes, along Lagos-Ibadan expressway on Friday over the raging cash fiasco.
Soldiers were then deployed to douse the riot.
Mr Abiodun reminded businesses in the state that the Supreme Court has ordered that the old naira notes remain legal tender to business transactions.
“The Ogun State Government will be revoking the Certificate of Occupancy, CofO of any corporation or store that rejects old Naira notes from members of the public in the State in exchange for goods and services.
“Commercial outlets are hereby reminded that there is an existing court order by the Supreme Court, the apex court in Nigeria, directing that old notes remain legal tender.” The statement read.
On February 15, the Supreme Court asked Nigerians to continue spending the old naira notes.
On Thursday, President Muhammadu Buhari said only the old N200 banknotes remain a legal tender until April 10 while N500 and N1,000 should be deposited in CBN designated centers across the country.
Mr Buhari’s failure to obey the Supreme Court ruling has elicited open confrontation by state governors including Nasir El-Rufai of Kaduna, Umar Ganduje of Kano and Mohammed Badaru Abubakar, and others who urged citizens to discountenance CBN directives and continue to accept the old notes as legal tender.
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.”
States
World Food Day: Ogun, SAPZ distribute farm inputs to over 10,000 rice, cassava farmersÂ
Mr Adebayo said the state’s 1.2 million hectares of arable land offered significant opportunities for agro-industrial investment.
States
Enugu corps member’s death not linked to substandard medicines, says NAFDAC
The statement stated that the deceased was placed on bed rest for observation till October 8Â morning when he was discharged with oral medications.
States
Bayelsa governor advises youths to embrace agriculture
Mr Diri urged youths to embrace farming rather than remain idle while seeking white-collar jobs.
States
NNPC activates emergency response after Rivers pipeline explosion
Mr Odeh urged residents and members of the public to keep away from the affected area
NationWide
28 kidnap victims rescued in Katsina, Zamfara, suspected pipeline vandals arrestedÂ
The troops arrested three suspected pipeline vandals in Rivers State and kiled two suspected criminals in Bauchi State.
Heading 3
Nigerian migrant rights leader Olukunle Adetunji faces deportation from Canada after failed asylum claims
The CBC Canada reported that Mr Adetunji was released from custody after spending 10 months in detention across several maximum-security provincial facilities.
