Following the supreme court ruling on the validity of the old naira notes to remain a legal tender till December 31st, Abia State government has told the residents to go ahead and transact with the old N200, N500 and N1000 naira notes.
A statement signed by Barr. Chris Ezem, Secretary to Abia State Government, warned that any individual, group, or business entity that rejects the old notes will be contravening the law of the Federal Republic of Nigeria.
The state government added that any business, individual that rejects the old naira notes stand the risk of facing sanctions by the government.
The full statement read:
Further to the Supreme Court ruling extending the validity of the old 200, 500 and 1000 naira notes as legal tender till December 31st 2023, Abia State Government advise Abians and residents in the State to feel free to carry out their financial transactions with the old naira notes alongside with the new notes as stipulated.
Any individual, group, or business entity that rejects the old notes will be contravening the law of the Federal Republic of Nigeria and stand the risk of facing sanctions.
All should be properly guided.
