Home Community Insights Kaduna State Government Orders State’s Ministries and Agencies to Ensure Continued Acceptance of Old Naira Notes By Their Collection Agents

Kaduna State Government Orders State’s Ministries and Agencies to Ensure Continued Acceptance of Old Naira Notes By Their Collection Agents

Kaduna State Government Orders State’s Ministries and Agencies to Ensure Continued Acceptance of Old Naira Notes By Their Collection Agents

The Kaduna State Government has ordered all agencies, department and ministries within the state to ensure that their collection agents continue to accept payments made in all denominations of the naira, old and new congruent to the subsisting ruling of the Supreme Court on Wednesday that the old 200, 500 and 1000 Naira notes shall remain a legal tender pending the determination of the suit brought before it against the Federal Government and the CBN.

According to a statement by the State Government dated 19th February 2023 and signed by the Special Adviser to the Governor on Media and Communications, all the Government authorized collection agents within the state which offer the citizens a route for cash payment are expected to comply with the subsisting order of the supreme court. The Statement reads as follows:

“In line with the subsisting order of the supreme court, the Kaduna State Government has directed its ministries, departments and agencies to ensure that their collection agents continue to accept payments made in all denominations of the naira, old and new.

Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.

Tekedia AI in Business Masterclass opens registrations here.

Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.

“The laws of Kaduna State do not allow personnel of government agencies to be involved in cash collection of revenues. The collection agents authorized by State government agencies do offer citizens a route for cash payment, and are expected to comply with subsisting court order.”

Recall that on February 16, the Governor of Kaduna State, Mallam Nasir El-Rufai, had in a media address implored Kaduna State citizens to continue to use their old naira notes along side the new notes without any fear while he assured that all the old and new notes shall remain in use as legal tender in Kaduna State until the Supreme Court determines otherwise. This is despite the declaration of the old 500 and 1000 Naira notes as obsolete by the President, Muhammadu Buhari .

Some of the citizens and residents of Kaduna State had also expressed pessimism and skepticism about the posture of the State Government, especially with the awareness that the CBN and the major Commercial banks in the state will not be collecting the old notes from them.

No posts to display

Post Comment

Please enter your comment!
Please enter your name here