The Kogi state Government, has on Friday, ordered the arrest and prosecution of people rejecting the old naira notes.
In a statement by the state Commissioner for Information, Kingsley Fanwo, he congratulated Nigerians on what he labelled as “historic ruling of the Supreme Court”
The Supreme Court last week ruled that the old naira should continue to remain legal tenders untile the last day of 2023.
“Rejecting the old naira notes is a clear disobedience of the Supreme Court ruling.
“Anyone who rejects the old naira notes should be reported to security and government authorities for immediate action. Also, banks that refuse to accept old naira deposits shall be sealed.” the commissioner revealed.
Fanwo further warned that the state will not tolerate financial institutions “that willfully disobey court orders, moreso, the orders of the highest court in Nigeria”.
“Since the banks are issuing the old naira notes, they are bound to also receive it. We cannot continue to kill our economy after the Supreme Court has granted us freedom.”
The statement also stated that the state will established a committee to see to the adherence and compliance to the ruling by the citizens.