Kwara State Governor, AbdulRahman AbdulRazaq has asked residents of the state, especially marketers, to collect and spend the old and new naira notes as both are still legal tenders in the country. This was contained in a statement issued and signed by the Chief Press Secretary to the governor, Rafiu Ajakaye.
According to the Governor, per the judgment of the Supreme Court of Nigeria and the latest circular of the Central Bank of Nigeria (CBN), the old naira notes remain a legal tender in the country.
He added that banks are now officially issuing the old naira notes (including N500, and N1000).
The governor, therefore, urged all residents of the state to spend and receive both the old and the new naira notes.