•••State Govt Urges Business Operators To Consider Supreme Court Verdict
The Bayelsa State Government has urged business operators in the state, especially banks and the popular tricycle operators to consider the judgment of the Supreme Court on the issue of the old Naira notes.
The Bayelsa State Commissioner for Information, Orientation and Strategy, Hon. Ayibaina Duba, said in a statement on Saturday that the appeal to consider use of the old Naira notes was made to ensure reduction of the pains inflicted on the people of the state by the policy.
“The government, therefore, urges business operators in the state, particularly banks, traders and keke (tricycle) to take into consideration the Supreme Court ruling in order to reduce the pains of people of the state.” The Government Spokesman said
The State Government said it understands the pains of the residents of the state flowing the implementation of the Central Bank of Nigeria Naira redesign policy, and the Supreme Court ruling on the old N200, N500 and N1000 currency notes.
The government thus urges residents to be calm and not engage in acts that could jeopardize the peace of the state.
The government notes that on March 3, the Supreme Court ruled that the old notes, which had been phased out by the CBN, remain legal tender till December 31 this year.
While the state government is not against the Naira redesign policy of the CBN and the federal government, it is however not comfortable with the method of its implementation that has resulted in further hardship on people of the state and, indeed, the country.
The government also calls on the CBN to take immediate steps to ease the burden of doing business in the state by making implementation of the policy less cumbersome.
