Old N500 and N1000 are still legal tenders – Jigawa State Government informs residents 

Jigawa State,  old N500 and N1000 bills are still accepted as legal while the Supreme Court makes a ruling.
This was revealed in a statement released late February 16 by Ibrahim Mamsa, the state commissioner for youth information, sports, and culture.

Mamsa made her statement hours after President Buhari announced on national television that old banknotes were no longer a valid means of payment.

The statement from the state government reads:

The Jigawa State Government would like to inform the public that it has been informed that some natural and legal entities are rejecting the old N200, N500, and N1000 banknotes.

The Jigawa State government is concerned about the conduct of these individuals and corporations. As a law-abiding government, many state governments have sued including Jigawa State to the Supreme Court of Nigeria. The Court has issued an injunction prohibiting the Federal Government of Nigeria, on its own or through the Central Bank of Nigeria and/or commercial banks, ministries, subordinate agencies, organizations, or through any person which (naturally and legally) suspends or determines in any way or ends on February 10, 2023, the period in which current older versions of the 200, 500, and 1000 naira denominations will no longer be legal pending a hearing and a decision on the petition is notified.

The government of Jigawa State respects the rights of the people and those who reject old coins are ordered to refrain from disobeying the law and causing hardship to the people of Jigawa State.

Will the Jigawa State government not hesitate to use Section 287(1) of the Constitution (as amended) and other applicable laws to enforce the order of the Supreme Court of Nigeria? read statement

The state government has urged residents to report any merchant or business entity that refuses to accept old N200, N500, and N1000 bills as legal tender to the nearest relevant authorities in the state. state.