Once again, Governor Dapo Abiodun of Ogun State has issued a warning that banks, stores, or supermarkets that do not accept old N500 and N1000 notes will face closure.
Abiodun declared that he would take action against any trader or service provider who disregards the validity of the old notes as legal tender. In order to enforce this, the governor urged residents of the state to contact him whenever a bank or supermarket refuses to accept the old notes, stating that he will close down the business establishment.
In a video sighted by Ogun Today, Abiodun said: “I am hereby sounding a note of warning to every market, trader, petrol station, banker that is refusing old naira notes; if you’re reported to me, I will deal with you with the fullest extent of the law.
“The Supreme Court of Nigeria is the highest court of the land. The Supreme Court has ruled that the old naira notes remain legal tender. The deadline has been moved to December 31.
“I will lock up your shop if they tell me you don’t accept old notes. Anytime you take the old note to banks and they refuse to accept it, call me. I will lock up the doors of such banks, including supermarkets.
“You transport unions and transporters, don’t reject the old money. If you take it to the bank and it was rejected, I will collect it from you and take it to the bank myself,” Abiodun stated emphatically.
