New naira: Bayelsa govt urges banks, traders to obey Supreme Court order

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The Bayelsa State Government has called on business operators, banks, traders and transporters in the state to obey the Supreme Court ruling directing that the old N1,000 and N500 notes circulate side by side with the new ones till December 31.

It announced this in a statement issued by the Commissioner for Information, Orientation and Strategy, Ayibaina Duba, on Saturday.

Duba said that the state government was not against the currency redesign policy of the Central Bank of Nigeria, but faulted its implementation method which had brought suffering to the people. The statement read, “Bayelsa State government has said it understands the pains of residents of the state following the implementation of the Central Bank of Nigeria’s naira redesign policy and the Supreme Court ruling on the old N200, N500 and N1000 currency notes.

“The government notes that on March 3, the Supreme Court ruled that the old notes, which had been phased out by the CBN, remain legal tender till December 31 this year.

 

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Was the SC order given to banks and traders or to FG/CBN?

Buhari and his cabers should obey court order first and release Mazi Nnamdi Kanu

Why are they not telling the cbn to release circular on the court order. These institutions doesn’t take order from the courts. President no talk cbn sef no talk. Me I cannot accept any money o

Good! In this kind of situation, you can only persuade people not force them like Yaya Bello threatens to do.

Bullshit

Urge? It's just 2mins speech we need from the president of Nigeria... And people will start spending it back again

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