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(Kaduna State)Old naira notes valid for next 100 days – El-Rufai

Kaduna State Lead representative Nasir El-Rufai has guaranteed occupants of the express that the old N1,000, N500 and N200 notes will keep on filling in as lawful delicate for the following 100 days.

El-Rufai offered the expression in a state broadcast on Wednesday to address the money shortage tormenting the country, because of the cash upgrade strategy presented by the National Bank of Nigeria (CBN).

The lead representative who has been a pundit of the strategy of late raged the High Court, Wednesday, in the organization of his Kogi State partner Yahaya Bello to notice the procedures of the suit hearing, which was concluded until February 22.

El-Rufai said, “Let us remain composed and serene, and support the legal means being used to take care of our concerns. For the benefit of the Kaduna State Government, I wish to guarantee you that not even one of you would lose the cash you have in old notes.

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“Allow no counterfeit and unlawful cutoff time to scare you. Whether you live in towns, towns or in our separated country networks, don’t feel charged to store your old notes in the banks. Clutch them. Keep on involving them as lawful delicate as requested by the High Court of Nigeria.

“No cutoff time can deliver them useless, ever. The law is your ally. The National Bank of Nigeria Act, 2007 and the Bills of Trade Act, both oblige the CBN to perceive your old notes and give you esteem in new notes while you carry them to the CBN, even in the following 100 years.”

El-Rufai likewise guaranteed that his organization will work with administrators, conventional rulers and different partners in the state to mitigate the difficulty brought by naira shortage.

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“In this manner, as your lead representative, I wish to guarantee you that the Kaduna State Government, in a joint effort with chose lawmakers, customary foundations, chose nearby government committees, markets, and dealers affiliations will assist you with gathering, record, report, order and convey all your old notes to the Kaduna part of the National Bank for your sake into the new ones following the races.

“We will likewise guarantee the conveyance of your new notes to your different areas with practically no difficulty or cost from you. We will save you any frenzy and the pressure of a long excursion from your local area to the CBN office in our state capital, from Spring until December 2023 in the event that need be,” he said.

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He affirmed that both old and new naira notes will coincide as legitimate delicate in the state, encouraging occupants to utilize them unafraid, that any individual or element that rejects them will be arraigned.

“For the evasion of uncertainty, every one of the old and new notes will stay being used as lawful delicate in Kaduna State until the High Court of Nigeria chooses in any case. I, hence, appeal to all occupants of Kaduna State to keep on utilizing the old and new notes one next to the other with practically no apprehension.

The Kaduna State Government and offices will seal any office won’t acknowledge the old notes as legitimate delicate and arraign the proprietors. In the event that need be, we will make further noteworthy moves as per the law,” he added.

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