Sanwo-Olu Warns Lagos Residents Against Rejecting Old Naira Notes, Threatens Prosecution

Babajide Sanwo-Olu, Governor of Lagos State has warned those rejecting the old naira notes to desist from doing so or face prosecution.

The warning came hours after the Supreme Court declared the old Naira notes as still valid for business transactions.

Gbenga Omotoso, Commissioner for Information and Strategy, in a statement on Wednesday said Sanwo-Olu vowed to move against anyone or institution who reject the old notes.

”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.”

Governor Sanwo-Olu however urge 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.”