Breaking: Kogi govt issues arrest warrants to apprehend persons, businesses refusing old naira notes.

The Kogi State Government ordered the arrest and prosecution of people and businesses on Friday who refused to accept the outdated naira notes.

Nigerians were congratulated on the “historic ruling of the Supreme Court” in a statement by Commissioner for Information Kingsley Fanwo.

The old and new naira notes are still legal tender through December 31, 2023, according to a decision made by the apex court last week.

According to Fanwo, the Yahaya Bello administration joined other states in pursuing the case to lessen the hardship brought on by the lack of funding.

Even after the court approved their use, he said it was unacceptable that some people and businesses still refused to accept the old notes.

The commissioner insisted, “Rejecting the old naira notes is a clear disobedience of the Supreme Court ruling.

“Security and government officials should be notified about anyone who refuses to accept the old naira notes for prompt action. Additionally, banks that reject old naira deposits must be sealed.

The government will not permit financial institutions “that willfully disobey court orders, more so, the orders of the highest court in Nigeria,” Fanwo cautioned.

Banks must accept it because they are the ones issuing the old naira notes. After receiving freedom from the Supreme Court, we cannot keep killing our economy.

A powerful committee would be formed, according to the statement, to guarantee complete adherence and compliance with the ruling.