Tag: Old Naira Notes

5 posts.

Despite Cbn’s Directive, Cash Crunch Persists In Ogun

Residents in Ogun State continue to reject old N500 and N1,000 notes despite the directive from the Central Bank of Nigeria (CBN) to accept them as legal tender. This is causing difficulties for motorists and business operators who need to transact with the old banknotes. The Ogun Today’s investigation reveals that accessing both new and…

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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…

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Cash Crunch: Dispense And Accept All Old Notes; Cbn Directs All Banks

On Monday, Professor Charles Soludo, the Governor of Anambra State, also a former governor of the Central Bank of Nigeria, announced that the CBN has directed commercial banks to accept the old naira notes as deposits. Soludo made this statement on his social media accounts and reported that Governor Godwin Emefiele issued the directive during…

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Naira Scarcity: Arrest Emefiele, Malami Huriwa Demands

On Sunday, the Human Rights Writers Association of Nigeria (HURIWA) called on the Department of State Services to immediately arrest Godwin Emefiele, the Governor of the Central Bank of Nigeria, and Abubakar Malami, the Attorney General of the Federation and Minister of Justice, for disobeying a ruling of the highest court in the country. The…

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…