Accept old naira notes, APC Governor urges banks


The Governor of Ekiti State, Biodun Oyebanji, has made an appeal to the people of the state to continue to accept both the old and new naira notes as a means of transaction. This is in accordance with a judgment from the that extended the validity of the old N500 and N1000 notes until December 2023.


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The governor of Ekiti State made an appeal to all of the businesses that are operating in the state to continue to obey the law and accept the older naira notes.

In addition to this, he urged the banks “to make the naira notes available in all of their branches and payment points and to all traders, business owners, service providers, okada riders, drivers, filling stations, gas plants, supermarkets, schools, hospitals, and POS operators, to start accepting the old notes as quickly as possible.”

Ekiti State Governor, Biodun Oyebanji
, Biodun Oyebanji

“To do otherwise would amount to defying the ruling of the highest court in the country and thwarting the efforts of the government to reduce the hardship of the people,” he said. “To do anything else would be to go against what the highest court in the country has decided.”

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In a statement titled “Oyebanji urges Ekiti residents to accept old naira notes,” which was released on Saturday by the governor’s Special Adviser on Media, Yinka Oyebode, the governor said that it was against the law for any business owner or service provider to refuse the old notes. He also said that the government “will not hesitate to arrest and prosecute business owners who refuse to accept the old naira notes.”



Oyebanji was worried about the complaints and said that many business owners in the state refused to do business with the old naira notes.


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


“The state government joined with other state governments to ask the Supreme Court to overturn the new naira policy,” which, according to the states, had caused terrible pain and hardship for the people and slowed down the economy. “The states averred that the new naira policy had inflicted pains.”

He told them that, as honorable people, they should follow the supreme court’s decision and keep taking the old naira notes as a form of payment. Ekiti State Governor, Biodun Oyebanji told them not to make things harder for each other by refusing to take the old money. He also urged them not to inflict further hardship on one another by rejecting it.

As we move forward in the process of creating a more prosperous state, he promised that his administration will make it a priority to investigate new ways to enrich the lives of the people living here.

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