The Jigawa State Government led by Mohammed Badaru Abubakar has vowed to implement the Supreme Court’s injunction prohibiting the federal government from outlawing the use of old naira notes as legal tender.
Ejes Gist News reports President Buhari announced on Thursday announced that the old 500 and 1000 notes are no longer legal tender in the country and ordered the Central Bank of Nigeria (CBN) to release old N200 notes as legal tender for the next sixty days.
According to the public notice, commercial banks, corporate organisations, ministries, agencies, and merchants are required to accept the old currency or face state government sanctions.
The Jigawa State Commissioner for Information, Youths, Sports and Culture, Bala Ibrahim, issued the following statement, which was obtained by Ejes Gist News “The Jigawa State Government wishes to inform the public that some individuals and corporate bodies are rejecting the now-outdated N200, N500, and N1000 notes.
“The Jigawa State Government is concerned about the behaviour of these individuals and organisations.
“As a law-abiding government, Jigawa State is among the State Governments with cases pending before the Supreme Court of Nigeria. The court has issued an order prohibiting the Federal Government of Nigeria, either by itself or acting through the Central Bank of Nigeria (CBN) and/or commercial banks, ministries, parastatals, organisations or through any person or persons (natural and artificial) howsoever, from suspending or determining or ending on February 10, 2023 the time frame within which the now older versions of the 200, 500, and 1000 naira denominations may no longer be legal tender.
“The Jigawa State Government respects the rights of its citizens, and those who reject the now-defunct currencies are urged to cease disobeying the law and causing hardship for the Jigawa State citizens. Jigawa State Government will not hesitate to enforce the Supreme Court of Nigeria’s order using section 287(1) of the Constitution (as amended) and other existing laws.
“For clarity, the section states, “The decisions of the Supreme Court shall be enforced in any part of the Federation by all authorities and persons, as well as by subordinate courts.” People are advised to report to the nearest authorities any merchants or businesses that refuse to accept the obsolete N200, N500, and N1000 notes as legal tender in Jigawa State.”