The kogi state government has ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes.
In a statement by commissioner for information, kingsley fanwo, he said it was unacceptable that some persons and businesses continue to reject the old notes, even after the supreme court ruling.
Fanwo explained that rejecting the old naira notes is a clear disobedience of the supreme court ruling.
He warned that anyone who rejects the old naira notes should be reported to security and government authorities for immediate action while banks that refuse to accept old naira deposits shall be sealed.
Recall that the supreme court last week ruled that both the old and new naira notes remain legal tenders until december 31, 2023.
