The Lagos State Government in a press release has warned against the rejection of the old Naira Notes and commended the patience and calmness of Lagosians following the controversy generated by the Naira shortage crisis.

The State Government which joined the dispute at the Supreme Court that was adjourned today till February 22 stated that it’s position has not changed. That Lagos State Government hereby warns those rejecting the old notes to desist from doing so or face prosecution.

It further said in the statement signed by the Honourable Commissioner For Information that 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 also urged Lagosians to remain law-abiding and shun mischief makers who may exploit this temporary situation to promote their anti-people agenda and that he is confident that the Judiciary will resolve all the issues around the currency shortage crisis.

The State Government also announced that it has started the distribution of the food packs promised by the Governor and that 50% fares slash on all State transportation facilities continues as directed by the Governor to cushion the effect of the Central Bank of Nigeria (CBN) directive on the old notes, especially on the vulnerable among residents.


Bello Akinkunmi Yakub