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Home | 2023: Gov Abiodun Distributes Old Notes to Supporters

Politics

2023: Gov Abiodun Distributes Old Notes to Supporters

Tapre Timine
Tapre Timine
Published: June 14, 2025
Last updated: June 14, 2025
2 Min Read
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2023: Gov Abiodun Distributes Old Notes to Supporters | Daily Report Nigeria
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Governor Dapo Abiodun has been captured distributing old naira notes to his supporters in Ogun State.

This comes amidst allegations that he and other politicians had stocked up notes to induce voters in the coming elections.

In a viral video, Abiodun could be seen sharing the old notes in envelopes branded with the governor’s picture.

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He told the supporters that the notes remained legal tenders contrary to the Central Bank of Nigeria (CBN) policy.

His agent told supporters:

“These notes remain legal tender, the governor will come back for an enforcement if banks reject them.”

Recall that Abiodun alongside his Lagos and Kaduna counterparts and several other state governors have maintained an undaunting opposition to the directive of the presidency and the CBN on the validity of old notes.

The governors have insisted that the old notes should remain legal tender until the Supreme Court makes a definitive pronouncement on the matter which was earlier adjourned to February 22.

The 10 governors who oppose the president’s directive also approached the apex court over the weekend.

They seek to obtain a pronouncement that President Muhammadu Buhari and the CBN’s insistence on taking the N1000 and N500 notes out of circulation violate an earlier ruling of the court ordering all parties to maintain status quo.

Political analysts were not united in their perspectives of the situation. While some see the most recent suit against the federal government and the CBN as putting democracy to test, others see it as sheer political selfishness, accusing Governor Abiodun and his colleagues of seeking a free reign of political lawlessness and electoral malpractices during the elections.

The APC governors challenging the federal government have been accused of opposing the CBN policy to be able to spend the cash they already have stored to influence the election.

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