Governor Babajide Sanwo-Olu-led Lagos State Government on
Wednesday vowed to prosecute anyone rejecting old naira notes as legal tender
across the state.
In a statement by the state’s Commissioner, Information and
Strategy, Gbenga Omotoso, the governor said since the Supreme Court judgment
was yet to rule on the matter, the old N200, N500, and N1,000 still remain
legal tender.
The statement read, “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
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.”
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