Sunday, September 24, 2023

Reject Old Naira And Face Prosecution – Sanwo-Olu Warns

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

The governor made this known in a statement signed by the Commissioner of Information and Strategy, Gbenga Omotoso on Wednesday.

READ ALSO: Old N500, N1000 notes no longer legal tender – Buhari

He said the rejection of old N200, N500 and N1,000 notes is contrary to the position of the Supreme Court.

Sanwo-Olu’s warning comes after the Supreme Court adjourned the case on the naira swap policy of the Central Bank of Nigeria (CBN) till February 22 for hearing of the consolidated suits by 10 states.

“When the matter first came up on February 8, the apex court said the old notes remained legal tender.

READ ALSO: We’ll Shut Down Any Bank That Refuses To Accept Old Notes – Dapo Abiodun

“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.”

Remember, Ogun state governor, Dapo Abiodun has also warned all commercial banks in Ogun State against refusing to accept old Naira notes from citizens. In a brief statement on his official Twitter page, governor Abiodun warned that any commercial bank that refuses to accept the old notes, stands the chance of being shut down by the state government.

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Photo credit: Getty

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