The governor of Ogun State, Dapo Abiodun, has said that the state will withdraw the Certificate of Occupancy (CoO) of any company or retailer in the state that refuses to accept old Naira notes from people.
Remember that once the CBN and President Buhari proclaimed the old N500 and N1000 notes to be non-legal money, several companies refused to accept them. As a result of people being unable to access the new notes, there have been crises in various areas of the nation.
In a post shared on his Instagram page, Gov Abiodun wrote
‘’The Ogun State Government will be revoking the Certificate of Occupancy, CofO of any corporation or store that rejects old Naira notes from members of the public in the State in exchange for goods and services.
Commercial outlets are hereby reminded that there is an existing court order by the Supreme Court, the apex court in Nigeria, directing that old notes remain legal tender.”