The Kogi State Authorities on Friday ordered the arrest and prosecution of people and companies rejecting the outdated naira notes.
An announcement by Commissioner for Data, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme Courtroom”.
The apex court docket final week dominated that each the outdated and new naira notes stay authorized tenders till December 31, 2023.
Fanwo defined that the Yahaya Bello administration joined different states to pursue the case to ease the hardship occasioned by the unavailability of money.
He stated it was unacceptable that some individuals and companies proceed to reject the outdated notes, even after the court docket validated their use.
“Rejecting the outdated naira notes is a transparent disobedience of the Supreme Courtroom ruling,” the commissioner harassed.
“Anybody who rejects the outdated naira notes must be reported to safety and authorities authorities for instant motion. Additionally, banks that refuse to just accept outdated naira deposits shall be sealed.”
Fanwo warned that the federal government is not going to accommodate monetary establishments “that willfully disobey court docket orders, moreso, the orders of the best court docket in Nigeria”.
“For the reason that banks are issuing the outdated naira notes, they’re sure to additionally obtain it. We can’t proceed to kill our economic system after the Supreme Courtroom has granted us freedom.”
The assertion introduced the institution of a high-powered committee to make sure full adherence and compliance to the decision.