As the Central Bank of Nigeria, CBN, approves the use of old naira notes, Governor Dapo Abiodun of Ogun State has threatened to shut any bank or business that rejects deposit or acceptance of the old naira notes.
The governor declared that he would not hesitate to close down banks, supermarkets, petrol stations and other business organizations that refuse to accept the old naira notes.
Abiodun specifically warned that he would ensure that the full extent of the law was visited on individuals or organizations rejecting the naira notes.
He said it came to him as a surprise that some merchants, traders, petrol stations, supermarkets and other businesses operating in the state were refusing to accept the notes.
The governor, however, encouraged residents of the state to report any individual, business, corporate and financial institution that rejects the old currencies, to him personally, maintaining that he would deal decisively with such outfits according to the laws of the state.
Abiodun further asked the people to bring the old naira notes to him if banks rejects them, assuring them the money would be taken to the banks by him personally.
