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.”
-
Latest2 days agoMakinde declares 2027 presidential bid under PDP–APM alliance
-
Featured2 days agoObasanjo faults Tinubu’s economic reforms, calls them necessary but poorly designed
-
Business3 days agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Featured3 days agoWike dismisses political speculation over meeting with APC Chairman Yilwatda
-
Latest5 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Latest2 days agoWike says Makinde’s presidential ambition dead on arrival
-
Business3 days agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity
-
Comments and Issues3 days agoPolitical Parties Primaries: Consensus or Coronation?