The Governor of Kano state, Abdullahi Ganduje has threatened to sanction banks and businesses rejecting the old naira notes.
The governor cited a Supreme Court interim injunction that allowed the use of old notes alongside new ones until the old ones are phased out.
Governor Ganduje said he noticed that some businesses are rejecting old notes, worsening the situation due to the lack of new notes.
The governor emphasided that the old notes are still legal tender and that the government may revoke the licenses of businesses that do not comply.
‘Business and economic activities are seriously affected by the naira redesign and unfortunately some self-centered individuals are cashing on the situation to cause further hardships on the people by not accepting the old naira notes during transactions,’ the statement added.
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He said the people have suffered enough untold hardship and therefore the state government would not fold its arms and allow a few selfish elements to worsen the situation.
The Governor called on the people in the state to continue with their lawful businesses and report anyone who refuses to accept the old naira notes to the appropriate quarters.
Africa Today News, New York recalls that last week, the Kano State Consumer Protection Council closed down the Wellcare Supermarket after the management refused to accept old naira notes from customers.
The acting Chairman of the council, Baffa Danagundi; and the Senior Special Assistant to the Governor on Social Media, Abubakar Ibrahim confirmed to reporters that the closure of the store was ordered Governor Abdullahi Ganduje.
The governor, a supporter of a ‘professional implementation’ of the naira redesign policy, had held discussions with the Central Bank of Nigeria (CBN); bank managers, security heads, and traditional leaders to find ways to alleviate the difficulties faced by the public.