The governor of Kano State, Abdullahi Umar Ganduje, has threatened to destroy any bank that continues to only accept the old N500 and N1,000 notes.
According to Channels TV, he revealed this on Friday, February 17, while inspecting palliatives intended for distribution to the public to ease the impacts of the suffering brought on by the cashless policy.
“Any bank that rejects old notes worth 500 and 1000 Naira would be obliterated. We won’t put up with any financial institution operating under our control acting in such a disobedient manner, he declared.
Governor Ganduje also said that schools would be constructed on the site of the demolished banks.
We will convert the space of the destroyed banks into schools that will provide quality education for our children,” he said according to the publication.
Governor Ganduje’s spokesperson, Abba Anwar, defended the governor’s statement, stating that the state government has the power to take such measures to protect the interests of the citizens.
Anwar said: “The governor is not making an empty threat. The government has the power to take such measures if it is in the best interest of the people. The governor is determined to ensure that the people of Kano State do not suffer any undue hardship as a result of the cashless policy.”