Nasir El-Rufai, Governor of Kaduna State, has urged Nigerians not to be concerned about the deadline for exchanging old naira notes for new notes.
According to El-Rufai, Nigerians can continue to spend and receive old notes in order to carry on with their day-to-day economic operations.
He also intimated that if elected President in 2023, the All Progressives Congress (APC) candidate, Bola Tinubu, will either extend or overturn the naira swap program.
UPDATE: Banks To Start Over-The-Counter Payment Of New Notes
The Governor made the remark at a meeting with traders in Kaduna State on Tuesday.
According to El-Rufai; “Stop changing your money and tell everyone to stop taking money to banks. If you sell anything, accept the old note if it’s given to you.
“Stop saying it’s only the new notes that you will accept because your market will stop and that is what they want.
“Tell everyone in Kaduna who has the old notes to spend it and buy items. Tell every trader to accept the old notes.
“Continue running your businesses and daily activities with whatever notes (old or new) you have. Don’t rush yourself into taking old naira notes to the bank, and wasting your time in the unnecessary queues at the bank. Nobody can stop you (people) from using the notes. When we come to power, if Bola Tinubu becomes the president, we’ll give people more time to get rid of the old naira notes.”
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“Nasir el-Rufai, Uba Sani, and Asiwaju Bola Ahmed Tinubu promise you that if we (APC) are elected, this policy will be changed and everyone will be given sufficient time to change their money.
“Stop taking your money to banks, keep them with you. Nobody can make your money to become worthless. It is the law; nobody can do it.
“It’s just a matter of time; be patient. We have 18 days to the elections. Once the elections are over, you should expect what Asiwaju Bola Tinubu would say, which is the change of this policy.
“You should help us pass this message to relatives. Everyone should stop taking money to banks; continue trading with the old notes.”
According to news reports, the Central Bank of Nigeria (CBN) set February 10 as the date for the old versions of the N200, N500, and N1000 notes to cease being legal money.
UPDATE: Family In Niger Rejects Old Naira Notes As Bride Price
However, the Supreme Court blocked the CBN from enforcing the deadline on Wednesday, ruling that the notes should be kept in circulation until the dispute before the supreme court is resolved.
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