The Lagos state government has warned businesses against rejecting the old N200, N500, and 1,000 notes in the state, OduNews reports.
This is as the government also threatened to sanction those rejecting the old notes as against the ruling of the supreme court.
In a statement signed by Gbenga Omotosho, a media aide to the Lagos state governor, Babajide Sanwo-Olu and seen by OduNews, the state government hailed Lagosians for maintaining calm despite the hardships being faced as a result of the ravaging fuel and naira scarcity.
Part of the statement read, “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. The 50% fares slash on all State transportation facilities continues, as directed by Mr. Governor.
