Abiodun Threatens To Revoke C-Of-O Of Companies, Stores, Rejecting Old Naira
Abiodun Threatens To Revoke C-Of-O Of Companies, Stores, Rejecting Old Naira

Abiodun Threatens To Revoke C-Of-O Of Companies, Stores, Rejecting Old Naira

Abiodun Threatens To Revoke C-Of-O Of Companies, Stores, Rejecting Old Naira

Governor Dapo Abiodun of Ogun State has threatened to revoke the certificate of occupancy (C-of-O) of any company or store rejecting the old N500 and N1,000 notes in Ogun State.

The governor gave the warning on his Twitter handle on Friday.

He reminds companies and stores operating in the state of an existing order of the Supreme Court that the old notes should remain as legal tender.

The warning was the second by the governor to the rejection of the old notes by banks in the state this week.

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Last Wednesday, the governor threatened the shut down of any bank rejecting the old notes.

Ogun State is one of the state governments at the Supreme Court challenging the implementation of the naira notes programme by the Central Bank of Nigeria (CBN).

President Muhammadu Buhari had since ignored the existing order of the Supreme Court that the old notes remain as legal tender, until Wednesday, next week when it would hear the motion filed by the state governments.

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said he had met with heads of Nigeria’s 15 banks to ease the current naira note squeeze and to circulate the old N200 notes as directed by President Muhammadu Buhari.

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