Gov. Biodun Oyebanji of Ekiti has said the government would arrest and prosecute traders and service providers who reject the old N500 and N1000 denominations.
In a statement issued by his Special Adviser on Media, Mr Yinka Olubode and made available to newsmen on Saturday in Ado-Ekiti, Oyebanji appealed to traders and business owners in the state to stop creating hardship for residents.
The governor explained that the old N500 and N1000 denominations remained legal tender by virtue of the ruling of the Supreme Court which extended its validity date till Dec., 31.
He, however, assured that his administration will continue to explore avenues to make life more meaningful for the people, as it continues to build a more prosperous state.
The governor, therefore, appealed to the market women and men, artisans, transporters, filling stations, supermarket owners and school proprietors as well as service providers to remain law abiding and accept the old naira notes.