The Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes.
Oyo News reported last week that the apex court verdict says both the old and new naira notes remain legal tenders until December 31, 2023.
Governor Yahaya Bello’s administration joined other states to pursue the case to ease the hardship occasioned by the unavailability of cash.
He stated that it was unacceptable that some persons and businesses continue to reject the old notes, even after the court validated their use.
He added that rejecting the old naira notes is a clear disobedience of the Supreme Court ruling.
Kogi State Government explained that anyone who rejects the old notes should be reported to security and government authorities for immediate action.
Also, banks that refuse to accept old naira deposits shall be sealed.