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Reject Old Naira Notes Risk Prosecution -Sanwo Olu Warns Lagosians



The governors of Lagos state Babajide Sanwo Olu has warned Banks, Filling Stations, Supermarkets and Lagosians to stop the rejection of the old naira notes as it is still a legal tender according to the supreme court ruling on Wednesday.

According to Sanwo Olu,it is against the law to reject the old notes as doing so is contrary to the position of the Supreme Court on the policy.

Recall that the Lagos state government joined the suit on the naira swap policy against the central bank of Nigeria and the federal government, which the supreme court adjourned the hearing to February 22nd.

Read More;EXCLUSIVE: Buhari May Extend Deadline Of Old Naira Notes To April 10

The warning was given in statement released by the Lagos state commissioner of Information and strategy Hon Gbenga Omotoso after the supreme court adjournment on Wednesday.

The Statement Reads;

:The Lagos State Government wishes to put on record the patience and calmness of Lagosians following the controversy generated by the Naira shortage crisis.

:The State Government has joined the dispute at the Supreme Court, which today adjourned the hearing of the matter till February 22. When the matter first came up on February 8, the apex court said the old notes remained legal tender.

:That position has not changed. The State Government hereby warns those rejecting the old notes to desist from doing so or face prosecution. It is against the law to reject the old notes as doing so is contrary to the position of the Supreme Court.

“Governor Sanwo-Olu urges Lagosians to remain law-abiding and shun mischief makers who may exploit this temporary situation to promote their anti-people agenda. He is confident that the Judiciary will resolve all the issues around the currency shortage crisis.

“To cushion the effect of the Central Bank of Nigeria (CBN) directive on the old notes, especially on the vulnerable among us, Lagos State has started the distribution of the food packs promised by the Governor.

“The 50% fares slash on all State transportation facilities continues, as directed by Mr. Governor.Gbenga OmotosoHC, Information & Strategy

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