Ganduje vows to ‘destroy’ banks in Kano refusing old N500, N1,000 notes
Governor Abdullahi Ganduje has threatened to destroy any commercial bank in Kano that refuses to accept deposits of old N500 and N1,000 notes.
The governor made the threat on Friday while inspecting palliatives provided to residents in the state to cushion the effect of naira scarcity induced by naira redesign policy of President Muhammadu Buhari regime.
“Any bank that refuses to accept old five hundred and one thousand Naira notes will be destroyed. We will not tolerate such disobedience from any financial institution operating within our jurisdiction,” Mr Ganduje said.
“We will convert the space of the destroyed banks into schools that will provide quality education for our children,” the governor added.
Governor Ganduje’s threat to commercial banks comes hours after the police warned that anyone attacking banks in protest will be treated as an armed robber.
Mr Ganduje’s threat contradicts the naira redesign policy that has made old N500 and N1,000 no longer legal tender in Nigeria.
On Thursday, Mr Ganduje had faulted the naira redesign policy, berating Mr Buhari regime for achieving nothing in eight years, and plotting to destroy the All Progressives Congress (APC) that made him president.
But Mr Buhari regime, through its spokesperson Garba Shehu on Friday, has insisted that the policy has no political undertone but targetted at helping Nigerians elect a president of their choice.
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.”
World
Guterres condemns Flydubai mid-air attack, says tragedy averted
The UN chief condemned actions that could endanger passengers and compromise the safety of international civil aviation.
Economy
Obasanjo, Jonathan, Buhari bungled Nigeria’s economy; I’m doing things differently: Tinubu
“For too long, Nigeria’s leaders chose morphine while praying for a miracle that never came. They focused on symptoms while allowing the disease to take hold,” said Mr Tinubu.
Economy
Tinubu doubles down in national broadcast, says harsh reforms necessary to rescue Nigeria’s floundering economy
“The reforms that followed were difficult,” Mr Tinubu said. “The side effects were real. Yet, we must never confuse the medicine with the disease.”
Anti-Corruption
Nigerians must stop celebrating unexplained wealth: Ex-Minister
Iyorwuese Hagher, a former deputy minister for power and steel, has called on Nigerians to end the culture of celebrating people with unexplained wealth.
Africa
Zimbabwean millionaire Wicknell Chivayo, wife killed in helicopter crash
His wife, Lucy, and four others were among the casualties when the aircraft crashed near Marondera on Wednesday.
States
Navy rescues two kidnap victims, recovers stolen engines in Akwa Ibom
The commander urged owners of the recovered outboard engines to provide proof of ownership in order to reclaim their property.
