April 24, 2024

Sanwo-Olu warns against rejection of old notes

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Babajide Williams
The Lagos State government has warned Lagosians against rejecting old Naira notes.
The Commissioner for Information & Strategy, Mr Gbenga Omotoso, in a statement on Wednesday acknowledged the state government patience and calmness of Lagosians following the controversy generated by the new Naira notes 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,” Omotoso said in the state.
According to him, 50 per cent fares slash on all state transportation facilities would go on, as directed by Mr Governor.

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