The old naira notes are still considered legal cash in Jigawa State up until the Supreme Court’s decision, according to the state government.
This was mentioned in a statement released late on Thursday by Ibrahim Mamsa, the state commissioner for information, youth sports, and culture.
The President, Major General Muhammadu Buhari (ret. ), has stated that only the N200 old note is still valid until April 10 while the N500 and N1000 notes are no longer accepted.
The statement read, “The Jigawa State Government wishes to inform members of the Public that, it has come to its notice some individuals and corporate bodies are rejecting the now-old N200, N500 and N1000 notes. The Jigawa State Government is concerned about the conduct of such individuals and corporate bodies.
“As a law-abiding government, there are suits by various state governments of which Jigawa State is among before the Supreme Court of Nigeria. The court has issued an order restraining the Federal Government of Nigeria, either by itself or acting through the Central Bank of Nigeria and/or commercial banks, ministries, parastatals, organisations or through any person or persons (natural and artificial) howsoever, from suspending or determining or ending on February 10, 2023 the time frame within which the now older versions of the 200, 500 and 1000 denominations of the naira may no longer be legal tender pending the hearing and determination of the motion on notice.
“Jigawa State Government respects the rights of its people and those rejecting the now-old currencies are enjoined to desist from disobeying the law and causing hardship to the people of Jigawa State. Jigawa State Government will not hesitate to use section 287(1) of the Constitution (as amended) and other extant laws to enforce the order of the Supreme Court of Nigeria,” the statement added.
The state government asked citizens to contact the closest competent authorities in the state if any trader or business organization declines to recognize the old N200, N500, and N1000 notes as legal tender.