Tag: Commercial Banks

2 posts.

Report Traders, Business Owners, Banks Refusing Old Naira Notes To Me – Gov Abiodun

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…

Updated

Accept Old Naira Or Face Sanctions, Governors Tell Traders

In accordance with the Supreme Court judgment, the Ekiti State Government has cautioned its citizens against refusing to accept old naira notes as a form of payment. Those who do so risk being apprehended and prosecuted. Likewise, the Abia State Government has declared its intention to penalize individuals who reject the old currency. Governor Biodun…