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Zamfara govt orders arrest of persons rejecting old naira notes

Governor Bello Muhammad Matawalle of Zamfara State has ordered the arrest of any person who refuses to accept the old currency notes of (N200, 500, 1000) naira notes in the state.

Governor  Bello Matawalle stated this at the swearing-in ceremony of new High Court Judges and newly appointed Special Advisers at Government House Gusau, the state Capital.

He said the old currency notes remain legal tender until the final verdict of the case instituted against the Central Bank of Nigeria and the federal government by three Northern Governors of Kaduna, Kogi and Zamfara States at the supreme court.

Governor Matawalle explained that the three stated are praying the supreme court to order the extension and validity of the old 200, 500 and 1000 naira notes to a long period of time.

He expressed happiness that the old currency is now valid and people can still use them in business transaction and other financial and commercial purposes.

According to him,  the economy of the country has been plunged into a serious crisis by the decision of the Central Bank to cease recognition of the old naira notes as legal tender from February 10th.

He stated that, the Supreme Court has given an interim injunction barring the CBN from enforcement of its plan of derecognizing the old notes as legal tender from February 10th, pending its final ruling on the matter on February 15th.


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