Commercial banks that refuse to accept old notes in Kano will be destroyed’ – Kano State Governor, Umar Ganduje warns




The Governor of Kano State, Abdullahi Umar Ganduje, has warned commercial banks operating in kano state that he would destroy any bank that refuses to accept the old 500 and 1,000 Naira notes.

He made this known Friday, Feb. 17, during his inspection of palliatives meant for distribution to the citizens to cushion the effects of the hardship caused by the cashless policy.


“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.


Governor Ganduje further disclosed that the space of the destroyed banks would be used for building schools.

“We will convert the space of the destroyed banks into schools that will provide quality education for our children,” he said according to the publication.


Governor Ganduje’s spokesperson, Abba Anwar, defended the governor’s statement, stating that the state government has the power to take such measures to protect the interests of the citizens.

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.”

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