The Kaduna State Governor, Nasir el-Rufai, has assured residents of the state that both the old and new notes remain legal tender in the state until the supreme court makes a decision on the matter.
el-Rufai gave this assurance in a televised broadcast on Thursday following the announcement made by President Buhari directing the Central Bank of Nigeria (CBN) to extend the validity of old N200 notes till April 10, and allowing all existing old N1,000 and N500 notes to remain redeemable at the CBN and designated points for 60 days.
In his broadcast, el-Rufai expressed his regret at the suffering residents have endured as a result of the prolonged fuel shortage and difficulties occasioned by the CBN’s currency redesign policy.
“On behalf of the government of Kaduna state, I wish to express my deepest regret at the needless suffering you are enduring as a result of the prolonged fuel shortage and the difficulties occasioned by the so-called ‘currency redesign’ policy of the Central Bank of Nigeria,” he said.
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“We understand your pain. I assure you that as your state governor, I have been working with my other colleagues to do everything in our power to end these pains.
“Therefore, as your governor, I wish to assure you that the Kaduna state government, in collaboration with elected legislators, traditional institution, elected local government councils, markets, and traders associations will help you collect, record, document, collate and deliver all your old notes to the Kaduna branch of the Central Bank on your behalf into the new ones immediately after the elections.
“We will also ensure the delivery of your new notes to your various locations without any hardship or expense on your part. We shall save you any panic and the stress of a long journey from your community to the CBN office in our state capital, from March until December 2023 if need be.
“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.
“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.
“While urging you all not to fall for these antics of the enemies of Nigeria, please be patient and continue to exercise resilience in the face of open provocation and deliberate disinformation.”