Governor of Lagos State, Babajide Sanwo-Olu, has issued a warning to Lagosians, saying, “those rejecting old notes” must stop or “face prosecution”.
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| Governor of Lagos State, Babajide Sanwo-Olu. Photo: @followlasg |
Sanwo-Olu further warned that “it is against the law to reject the old notes” as such an action goes “contrary to the position of the Supreme Court”.
This is coming after the Supreme Court adjourned hearing of the matter which generated dispute by the Naira shortage crisis, whether or not the old notes remain legal tender after deadline of 10 February.
The hearing of the matter has been adjourned today, Wednesday 15 February, 2023 till Wednesday 22 February, 2023.
The Lagos State Governor made this known via a statement signed by Gbenga Omotosho, HC Information and Strategy.
The Statement:
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 Omotoso
HC, Information & Strategy
