• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Thursday, September 18, 2025
Emerald News Nigeria
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
Emerald News Nigeria
No Result
View All Result

Naira redesign: Ekiti state governor declares strict punishment for people who reject old notes

by Emerald Nigeria
March 11, 2023
in Economy
ShareTweetShareShare

Governor Biodun Oyebanji of Ekiti has said the government would arrest and prosecute traders and service providers who reject the old N500 and N1,000 denominations.

 

In a statement issued by his Special Adviser on Media, Mr Yinka Olubode and made available to newsmen on Saturday in Ado-Ekiti, Oyebanji appealed to traders and business owners in the state to stop creating hardship for residents.

The governor explained that the old N500 and N1000 denominations remained legal tender by virtue of the ruling of the Supreme Court which extended its validity date till December 31.

 

Oyebanji said that his office had been inundated with the outcry of the people due to the hardship being faced as a result of the low circulation of the newly redesigned Naira notes.

Also Read:

Naira scarcity : An end in sight as banks receive cash

This is how Warri girls gain access into banks these days

Naira scarcity: CBN orders release of old naira notes

Ramadan- Imam pleads with CBN to end cash scarcity

He said the Supreme Court had by its March 3 ruling, extended the validity date for the old naira notes in a case instituted by some states, including Ekiti.

Oyebanji said that the refusal of many business owners in the state to accept the old naira notes as means of the transaction was unlawful.

 

“This is an appeal to all residents of Ekiti to abide by the ruling of the Supreme Court, which has provided a reprieve for the people by extending the validity date of the old naira notes till December 31.

 

“As honourable people, what is expected of us is to abide by the ruling of the apex court and continue to accept the old naira notes as means of transactions and not to inflict further hardship on one another by rejecting it.

“Government will not hesitate to arrest and prosecute business owners found rejecting the old naira notes,” the statement quoted Oyebanji as saying.

 

He, however, assured that his administration will continue to explore avenues to make life more meaningful for the people, as it continues to build a more prosperous state.

The governor, therefore, appealed to the market women and men, artisans, transporters, filling stations, supermarket owners and school proprietors as well as service providers to remain law abiding and accept the old naira notes.

 

He also urged the commercial banks and Central Bank of Nigeria,(CBN) to make the old and new currencies available in their branches and at their Automated Teller Machines (ATM) points in order to ease the stress residents go through to get money for their daily and commercial needs.

Source: Vanguard

Tags: Naira notesNaira redesignNew notes
ShareTweetShareSend
Previous Post

Tony Elumelu makes big request from Tinubu, check it out

Next Post

Wike declares Obi ‘hero’ of 2023 general elections,explains action to residents

Related Posts

Senator Ned Nwoko Facilitates Relief Materials for Delta North Flood Victims

Senator Ned Nwoko Facilitates Relief Materials for Delta North Flood Victims

September 17, 2025
Bank Sacks Staff, Replaces Her With AI Tool She Trained

Bank Sacks Staff, Replaces Her With AI Tool She Trained

September 5, 2025
Mayor of Urhoboland Felicitates Governor Oborevwori on 62nd Birthday

DESOPADEC Must Render Account to Deltans – Mayor Akpodoro Challenges Oborevwori, Nani

September 2, 2025
South-South Stakeholders Converge in Asaba for NG-CARES Review Meeting, Chart Course for Next Phase

South-South Stakeholders Converge in Asaba for NG-CARES Review Meeting, Chart Course for Next Phase

August 26, 2025
Mulade Urges Ijaw, Itsekiri to Strengthen Unity for Peace and Development

Mulade Urges Ijaw, Itsekiri to Strengthen Unity for Peace and Development

August 18, 2025
I asked Grok one of most powerful AI tools to give me the wealthiest tribe in Nigeria, the tribe it mentioned with reasons will shock you

I asked Grok one of most powerful AI tools to give me the wealthiest tribe in Nigeria, the tribe it mentioned with reasons will shock you

August 14, 2025
Next Post
Wike declares Obi ‘hero’ of 2023 general elections,explains action to residents

Wike declares Obi ‘hero’ of 2023 general elections,explains action to residents

Trending

  • Delta Police Arrest Suspected Church Robbery Syndicate, Recover Arms in Ogwashi-Uku

    Delta Police Arrest Suspected Church Robbery Syndicate, Recover Arms in Ogwashi-Uku

    0 shares
    Share 0 Tweet 0
  • Tension rises in Rivers Govt House, read what happened this morning as Ibas hand over tomorrow

    0 shares
    Share 0 Tweet 0
  • BREAKING: Ex-Delta Deputy Governor Otuaro Abandons Okowa’s Political Family, Says He Remains Member of PDP

    0 shares
    Share 0 Tweet 0
  • (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    0 shares
    Share 0 Tweet 0
  • Guinness World Records Makes Official Statement After Days of Hilda Baci Feeding 20,000 Lagosians

    0 shares
    Share 0 Tweet 0
  • Chief Ejiofor to Be Conferred Prestigious Fellowship by the Institute of Business Diplomacy and Financial Management

    0 shares
    Share 0 Tweet 0
  • Two Doctors Escape After Receiving Training Under Government Sponsorship for 8 Years

    0 shares
    Share 0 Tweet 0
  • BREAKING: President Tinubu ends emergency rule in Rivers, Fubara to resume office Thursday

    0 shares
    Share 0 Tweet 0
  • NLC, Delta Govt At Daggers Drawn Over Dress Code For Civil Servants

    0 shares
    Share 0 Tweet 0
  • SEX outside marriage banned in Indonesia- Citizens,foreigners to face one year jail term if caught

    0 shares
    Share 0 Tweet 0

Latest Stories

The Days Are Now Nearer, Anioma State is Coming, By Godfrey Odogwu

September 18, 2025

BREAKING: President Tinubu ends emergency rule in Rivers, Fubara to resume office Thursday

September 17, 2025

Tension rises in Rivers Govt House, read what happened this morning as Ibas hand over tomorrow

September 17, 2025

Delta Police Arrest Suspected Church Robbery Syndicate, Recover Arms in Ogwashi-Uku

September 17, 2025

NLC, Delta Govt At Daggers Drawn Over Dress Code For Civil Servants

September 17, 2025

Senator Ned Nwoko Facilitates Relief Materials for Delta North Flood Victims

September 17, 2025

Two Doctors Escape After Receiving Training Under Government Sponsorship for 8 Years

September 16, 2025

Senator Dafinone Praises Olorogun Igho’s Legacy as He Receives Sultan’s Recognition

September 16, 2025

Guinness World Records Makes Official Statement After Days of Hilda Baci Feeding 20,000 Lagosians

September 15, 2025

2027: Dafinone Deserves Second Term, Says Bodjor As He Hosts Ughelli South Political Colonels

September 15, 2025
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

© 2024 Emerald News Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Emerald News Nigeria
  • Inside Delta
    • Niger Delta
  • Politics
  • Economy
  • Crime
  • Education
  • Health
  • Entertainment
  • Relationship
  • Special Report

© 2024 Emerald News Nigeria.