According to Sanwo-Olu, Rejecting Old Naira Notes Is Illegal in Lagos

The Lagos State Government wants to publicly acknowledge Lagosians’ tolerance and composure in light of the uproar caused by the Naira scarcity situation.

After the State Government intervened, the Supreme Court moved the case’s hearing for today to February 22. When the issue was first brought up on February 8, the Supreme Court ruled that the old notes are still valid forms of payment.

It has not changed that position. The State Government warns those who are rejecting the old notes not to do so or they will be prosecuted. Rejecting the old notes is against the law because it goes against the Supreme Court’s position.

Lagosians are urged by Governor Sanwo-Olu to abide by the law and avoid miscreants who might use this temporary circumstance to advance their anti-people agenda. He is sure that the Judiciary will find a solution to all of the problems caused by the currency shortage crisis.

Lagos State has begun handing out the food packs that the Governor had promised to distribute in order to cushion the effect that the directive from the Central Bank of Nigeria (CBN) will have on the old notes, particularly on the most vulnerable of us.

The 50% fares slash on all State transportation facilities continues, as directed by Mr. Governor.