April 17, 2024

Accept the Old Notes Alongside the New Notes as Stipulated by Law – Akeredolu 

Mr Akeredolu, in a statewide broadcast in Akure, said the rejection of the old naira notes was a flagrant disobedience of the law. The governor explained that rejecting the old N200, N500 and N1000 notes would inflict needless pain on the residents.


“It is a flagrant disobedience to the law and the Central Bank (of Nigeria) directives. I, therefore, wish to inform you that the rejection of the old N1000, N500 and N200 notes by us will do us no good,” the governor warned. “It will stifle our local trade and business transactions, weaken our economy and cause us great harm and avoidable troubles.


“I hereby use this opportunity to appeal to you all, my good people of Ondo state, to embrace and accept the old notes alongside the new notes as stipulated by law. Let us not create needless tension over the matter. Please collect, spend and exchange the old notes without let or hindrance,” Mr Akeredolu appealed to the state’s residents.


According to him, the apex court’s ruling that the old naira banknotes should remain legal tender until December 31, 2023, stands.

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