Ogun State Governor, Prince Dapo Abiodun, has warned that the state government will shut any bank that refuses to accept old Naira notes in the state.
This is coming on the heels of an application filed at the Supreme Court, to join an ongoing suit against the Federal Government over the new Naira policy implemented by the Central Bank of Nigeria (CBN).
The warning is sequel to complaints received from the public that some commercial banks and some filling stations are rejecting the old Naira notes.
Governor Abiodun gave the warning on Tuesday during his re-election campaign tour of Abeokuta North Local Government, while addressing party faithful and market men and women, at different gatherings.
The governor frowned at the action of the banks, noting that since the new Naira notes are not available, commercial banks must accept and also give out the old notes, as ruled by the apex court and agreed by the National Council of State, to ease the suffering of the people.
The state government had earlier filed an application at the Supreme Court, seeking to join Kaduna, Kogi and Zamfara States, in a suit against the Federal Government of Nigeria, over the policy which introduced new notes of N200, N500 and N1000.
The state, in a Motion of Notice filed by its counsel, Afe Babalola and Co, on February 13, sought to be joined as 4th plaintiff/applicant, in a suit number SC/CV/162/2023.
The applicant in the Notice further stated that it sought to be a co-plaintiff for the just and effective determination in the suit instituted by the other three plaintiffs.
The governor called on the people to remain calm, assuring that his government is working assiduously to ensure that the present situation is brought under control.
The state also notified the Supreme Court that it shall rely on all the processes already filed in this action, in addition to the affidavit in support of the application.