x

Gov Obaseki begs residents to accept old N500 and N1000 notes

The Edo State Governor, Godwin Obaseki, has appealed to residents of the state to accept the old notes.

His appeal comes after the Supreme Court ruled that the old N500 and N1000 notes remain legal tender till December 31, 2023.

The Edo State Government is one of the co-defendants with the federal government against Kaduna and some other state governments that urged the Supereme Court to nullify the February 10 deadline for old naira notes set by the Central Bank of Nigeria (CBN).

However, Obaseki in a statement on Thursday, March 9, by the Commissioner for Communication and Orientation, Chris Nehikhare, said the old notes should be accepted alongside the new ones to facilitate trade and boost economic activities.

He said: “With the Supreme Court judgement, the controversy over the circulation of the notes have been put to rest and the people are urged to accept and trade with the notes.

“We are also exploring other means of transaction such as electronic transfers, among others, as all issues of cash available are addressed by the relevant government agencies.”

Hot this week

Governor Ododo Bags Another National Honour in Education

By Noah Ocheni, LokojaKogi State Governor, Ahmed Usman Ododo,...

A’ibom: Group says “sacked” PDP chairman’s meeting illegal

By Ogenyi Ogenyi,Uyo.A group, the PDP Advocates for Peace...

WHO Eyes 2030 As Year For Achievement of Refractive Eye Care For All

By Joyce Remi-BabayejuAs the world marks the 2025...

Dr. Fasawe, Stakeholders Laud Success of Malaria- Rubella Vaccination Exercise in States

By Joyce Remi-BabayejuThe Mandate Secretary, Health Services and...

Police warn officers against meddling in land disputes

By Ogenyi Ogenyi,UyoThe Police has warned its officers against...

Awakan Now NTDA DG, Pledges Tourism of Renewed Hope Agenda

By Joyce Remi-BabayejuThe new Director-General of the...

Today’s football match fixtures

Here’s a clean, well-formatted rewrite of the match fixtures...

Universities Shut as ASUU Rejects FG’s ‘No Work, No Pay’ Directive

The Federal Government has ordered vice chancellors of all...

FG urges review of civil service disciplinary system

The Federal Government has called for a comprehensive review...

Reach Your Potential or Risk Regret, Tuchel Warns Rashford

England manager Thomas Tuchel has urged Marcus Rashford to...

National Assembly Moves to Hold 2027 Elections Earlier

The National Assembly has proposed key amendments to the...

Related Articles

Popular Categories

spot_imgspot_img