News
Sanwo-Olu cautions Lagos residents, businesses against rejecting old Naira notes, or face prosecution
Governor Babajide Sanwo-Olu of Lagos State on Wednesday cautioned anyone rejecting the old naira notes of N200, N500 and N1,000 denominations may be prosecuted by the state government.
Governor Sanwo-Olu in a statement by the Commissioner for Information and Strategy, Gbenga Omotoso on Wednesday, declared that the rejection of old N200, N500 and N1,000 notes is contrary to the order of the Supreme Court.
According to the statement, “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.”
-
Featured6 days agoRanking the seven greatest World Cup finals of all time
-
Business7 days agoOPay breaks silence on viral September shutdown claim
-
Latest7 days agoTinubu’s FBI records: Omokri challenges claims, cites 2003 Embassy reply
-
Business5 days agoX3M Ideas donates 50 Walkie-Talkies to strengthen security operations in Onigbongbo
-
Latest2 days agoCole-Alegbe unveils memoir, urges leaders to harness technology for lasting impact
-
Latest6 days ago2027: Atiku vows direct payment of local government funds if elected president
-
Latest6 days ago2027: Atiku, Obi absent as opposition begins talks on single presidential candidate
-
Latest7 days agoAnambra 2027: INEC, NDC clash over 10 disputed Assembly candidates