Edo State Governor, South South Nigeria, Godwin Obaseki, has appealed to residents of the state to accept the old notes following the Supreme Court judgement that the old N500 and N1000 notes remain legal tender till December 31, 2023.
Gatekeepers News reports that the Edo State Government is one of the co-defendants with the federal government against Kaduna and some other state governments that urged the Supereme Court to nullify the February 10 deadline for old naira notes set by the Central Bank of Nigeria (CBN).
However, Obaseki in a statement on Thursday by the Commissioner for Communication and Orientation, Chris Nehikhare, said the old notes should be accepted alongside the new ones to facilitate trade and boost economic activities.
The statement read, “Following the Supreme Court ruling on the circulation of old N500 and N1000 notes, the Edo State Governor, Mr. Godwin Obaseki, calls on residents in the State to accept the old notes.
“The old notes are to be treated and exchanged just as the new ones and are necessary to facilitate trade and boost economic activity.
“With the Supreme Court judgement, the controversy over the circulation of the notes have been put to rest and the people are urged to accept and trade with the notes.
“They are also to explore other means of transaction such as electronic transfers, among others, as all issues of cash available are addressed by the relevant government agencies.”
