Sanwo-Olu warns against rejecting old naira notes, joins dispute at Supreme Court
Lagos State government on Wednesday praised the patience and calmness of Lagosians following the controversy generated by the Naira shortage crisis.
Commissioner for Information and Strategy. Gbenga Omotoso, in a statement also disclosed that the state government has joined the dispute at the Supreme Court, which on Wednesday adjourned the hearing on the matter till February 22.
He said: “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.”
Omotoso said Governor Babajide Sanwo-Olu has urged Lagosians to remain law-abiding and shun mischief makers who may exploit the temporary situation to promote their anti-people agenda.
He noted that Sanwo-Olu is confident that the judiciary will resolve all the issues around the currency shortage crisis.
Omotoso also said to cushion the effect of the Central Bank of Nigeria (CBN) directive on the old notes, especially on the vulnerables, Lagos State has started the distribution of food packs promised by the governor.
The 50 percent fares slash on all state transportation facilities continues, as directed by Mr. Governor, he added.