The Abia State Government says it will sanction any person, group, or business entity that rejects the old 500 and 1,000 naira notes in the state.
This was contained in a statement issued on Saturday by the Secretary to the State Government, Chris Ezem.
Ezem stated that the decision was in line with the Supreme Court ruling extending the validity of the old 200, 500, and 1000 naira notes as legal tender to December 31, 2023.
READ ALSO: Osun residents decry inability to spend old N500, N1000 notes
“Abia State Government advises Abia residents to feel free to carry out their financial transactions with the old naira notes alongside 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 stands the risk of facing sanctions,” the SSG noted.
President Bola Tinubu has granted a final six-month tenure extension to the Comptroller General of…
The Nigeria Employers’ Consultative Association (NECA) has praised the Federal Government for issuing the General…
The Inspector-General of Police (IGP), Olatunji Disu, has approved the appointment of CSP Anietie Iniedu…
President Bola Tinubu has ordered the immediate reinforcement of security at the National Institute for…
President Bola Tinubu says the Minister of the Federal Capital Territory (FCT), Nyesom Wike, justified…
A private legal practitioner and former Chairman of the Kano State Public Complaints and Anti-Corruption…
This website uses cookies.