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Reading: In show of highhandedness,Ogun Gov plans to revoke C of O over Naira policy.
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VEO News > Blog > Hot Stories > In show of highhandedness,Ogun Gov plans to revoke C of O over Naira policy.
Hot Stories

In show of highhandedness,Ogun Gov plans to revoke C of O over Naira policy.

Editor
Last updated: 2023/02/18 at 8:23 AM
Editor Published February 18, 2023
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Dapo Abiodun, the governor of Ogun, says businesses that reject the old naira notes will have their certificate of occupancy (CofC) withdrawn.

In a Tweet on Friday, Abiodun said the ruling of the supreme court still stands.

A certificate of occupancy is a legal document issued by the government that proves that a person owns land in Nigeria. The government reserves the right to seize any plot of land or property without a C of O at any time without any compensation paid.

Abiodun, in the tweet, stressed that companies, and business owners who refuse to accept the old notes in exchange for their good and services, will be stripped of  their C of O.

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Editor February 18, 2023
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