Current Date: 28 May, 2024

Gov. Ganduje promises to smash banks in Kano in response to the naira devaluation crisis

Kano State Governor Abdullahi Umar Ganduje has threatened to destroy the state's commercial banks if they continue to reject depositors of the outdated N500 and N1,000 notes.

On Friday, Ganduje issued the threat while inspecting the palliatives being given to the public to ease the impacts of the suffering brought on by the cashless policy.

President Muhammadu Buhari directed the Central Bank of Nigeria, CBN, to maintain the old and new N200 notes in circulation in his nationwide broadcast on Thursday to ease the hardship brought on by the cashless policy.


According to Buhari, the old N500 and N1000 notes should be withdrawn from circulation because they are no longer valid legal tender.

Yet Governor Ganduje is one of the APC governors who openly defied Buhari's orders and even charged the president with attempting to stifle the democratic process.

"Any bank that rejects old notes worth 500 and 1000 Naira would be obliterated. The Governor declared on Friday that any financial institution functioning under our jurisdiction would not be tolerated for acting in such a way.

In addition, Governor Ganduje said that the area where the banks had been destroyed would be utilized to construct schools: "We will convert the area where the banks had been destroyed into schools that would give quality education for our children."

Share
Excellence Chukwuma Chukwunaedu

Excellence Chukwuma Chukwunaedu

I enjoy marketing, technology and business. I help businesses and brands connect with their ideal customer profiles and build products that excite them and solve their problems.