El-Rufai Says All Old Notes Will Remain Legal Tender In Kaduna

Kaduna State Governor Nasir El-Rufai has said that all old notes will remain legal tender in the state.

President Muhammadu Buhari had earlier in a nationwide broadcast Thursday said that both old notes of N500 and N1000 had ceased to be legal tender in Nigeria. He however directed the Central Bank Governor, Godwin Emefiele, to recirculate the old N200 note and allow it to be used with the new redesigned one until April this year.

But el-Rufai in a statewide broadcast on Thursday evening directed the people of the state to continue to use all the old and new notes as legal tender until the Supreme Court decides otherwise.

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He said, “For the avoidance of doubt, all the old and new notes shall remain in use as legal tender in Kaduna State until the Supreme Court of Nigeria decides otherwise.

“I, therefore, appeal to all residents of Kaduna State to continue to use the old and new notes side by side without any fear.

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READ ALSO: Read Full State Broadcast of Governor el-Rufai To Kaduna Residents

“The Kaduna State Government and its agencies shall seal any facility that refuses to accept the old notes as legal tender and prosecute the owners. If need be, we shall take further consequential actions according to the law.

He added that “The Kaduna State Government is making this appeal, and taking all these measures to shield our people from the terrible consequences of the currency redesign policy.

“We seek to protect our people’s hard-earned money, their ability to engage in trade and exchange and buy what they need. We also seek to protect their civic rights, liberties, and freedoms under a democratic dispensation.

“I call on the people of Kaduna State to remain peaceful and vigilant in the face of brazen attempts to engineer a crisis in order to get a pretext for unconstitutional or undemocratic actions.”