Governor Biodun warns against rejection of old naira notes

Following, the rejection of old naira notes by vendors and clients across the nation, Governor Biodun Oyebanji of Ekiti says the government would arrest and prosecute traders and service providers who reject the old five hundred and one thousand naira denominations.

In a statement issued by his Special Adviser on Media, Mr. Yinka Olubode 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 notes remain legal tender by virtue of the ruling of the Supreme Court which extended its validity till December thirty-one. Oyebanji noted that his office is 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.

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.