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Gov Ganduje vows to destroy banks rejecting old naira notes, turn destroyed location to schools

“Any bank that refuses to accept old five hundred and one thousand Naira notes will be destroyed.” — Governor of Kano State, Abdullahi Ganduje

The Governor of Kano State, Abdullahi Umar Ganduje, has warned commercial banks operating in the state not to reject the old naira notes, affirming that any commercial bank that refuses to collect the old N500 and N1000 notes would be destroyed.

The Governor issued the warning on Friday, February 17, 2023 while inspecting the palliatives that were to be distributed to the people of the state, to relief the people of the pains and hardship brought upon them by the cashless policy put forward by the Central Bank of Nigeria, CBN.

“Any bank that refuses to accept old five hundred and one thousand Naira notes will be destroyed. We will not tolerate such disobedience from any financial institution operating within our jurisdiction,” he stated.

The Governor added that the location of the destroyed banks would be converted to schools.

“We will convert the space of the destroyed banks into schools that will provide quality education for our children.”

The spokesperson of the Governor, Abba Anwar, buttressed the point of the governor, adding that the state government has the authority to take such decision in the interests of the people of the state.

Anwar said, “The governor is not making an empty threat. The government has the power to take such measures if it is in the best interest of the people. The governor is determined to ensure that the people of Kano State do not suffer any undue hardship as a result of the cashless policy.”

None of the commercial banks operating in the state made an official reaction to the threat issued by the state governor, as at the time of filing this report.

The position of the state governor on the cashless policy has generated controversy as it’s still unknown whether the commercial banks will dance to the tune of the governor or disobey him.

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