The Abia state government has approved the continuous use of the old naira notes of N200, N500 and N1,000 till December 31, 2023.
The state government in a statement signed by Chris Ezem, Secretary to the State Government, SSG, said the approval of the use of the old notes as legal tender was in accordance with the judgment of the Supreme Court which ruled in favour of applications brought before it by some State governments.
It further stated that residents of the state were free to carry out their transactions using the old notes side-by-side with the new notes as stipulated by the Apex Court ruling.
Business owners, individuals and groups in the state were warned against rejecting the old notes, as doing so would attract sanctions.