The Ogun state authorities, on Friday, February 17, threatened to revoke the certificates of occupancy (C of O) of  enterprise enterprises rejecting outdated naira notes throughout the state.

A certificates of occupancy is a authorized doc issued by the federal government that proves that an individual is a land proprietor in Nigeria.

Dapo Abiodun, the governor of Ogun state, made this identified in a tweet on Friday.

The governor famous that the ruling of the supreme courtroom on the naira redesign coverage nonetheless stands.

Abiodun, within the tweet, harassed that firms, and enterprise homeowners, who refuse to simply accept the outdated notes in alternate for his or her good and companies, shall be stripped of their C of O.

“Ogun state authorities shall be revoking the certificates of occupancy of any company or retailer that rejects outdated naira notes from members of the general public within the state in alternate for items and companies,” he tweeted.

“Industrial shops are hereby reminded that there’s an present courtroom order by the supreme courtroom, directing that outdated notes stay authorized tender.”

Recall that the supreme courtroom, on Wednesday, February 15, adjourned the listening to of the case introduced in opposition to the Central Bank of Nigeria (CBN) on the naira redesign coverage to Wednesday, February 22.

The supreme courtroom stated that its order suspending the implementation of the February 10 deadline on the outdated N200, N500, and N1000 notes nonetheless subsist.

In the meantime, President Muhammadu Buhari, in a nationwide broadcast on Thursday, famous that solely N200 notes will stay authorized tender till April 10.