Resist Old Notes And Face Prosecution – Sanwo-Olu Warns Lagos Residents

The Lagos State Governor, Babajide Sanwo-Olu has warned residents of the state against rejecting the old Naira notes, 9news Nigeria has learned.

Lagos State Governor Babajide Sanwo Olu Speaking at a press briefing on state of Covid-19 in Lagos State
Lagos State Governor Babajide Sanwo Olu Speaking at a press briefing on state of Covid-19 in Lagos State

In a statement released on his social media page on Wednesday February 15, 2023, Governor Sanwo-Olu warned that anyone resisting the old Naira notes will be prosecuted- His statement reads;

??DEAR LAGOSIANS,

I HEREBY COMMEND AND APPLAUD YOUR PATIENCE AND CALMNESS, FOLLOWING THE SAD CONTROVERSY GENERATED BY THE NAIRA SHORTAGE CRISIS.

I WOULD LIKE TO INFORM YOU THAT THE LAGOS 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. THEREFORE WE 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.

I THEREFORE PLEAD WITH EVERYONE TO REMAIN LAW-ABIDING, AND SHUN MISCHIEF MAKERS WHO MAY WANT TO EXPLOIT THIS TEMPORARY SITUATION TO PROMOTE THEIR ANTI-PEOPLE AGENDA. I AM 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 AS I EARLIER PROMISED, WHILE THE 50% FARES SLASH ON ALL STATE TRANSPORTATION SERVICES FACILITIES CONTINUES.

THANK YOU ALL AND GOD BLESS.”

9news Nigeria

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About Ikechukwu Agada 293 Articles
Engr. Ikechukwu Agada is a media executive, consultant, writer, reporter, editor and public affairs analyst that spans over a decade in new media, print and broadcast Journalism. He is also a crusader for peace, unity and progress. He upholds equity and fairness and abhors injustice and oppression.