According to a statement signed by Gbenga Omotoso, the Commissioner of Information and Strategy, the Governor of Lagos State, Babajide Sanwo-Olu, has issued a warning to those who refuse to accept old naira notes, stating that they could face prosecution if they do not desist.
The governor’s statement emphasizes that rejecting old N200, N500, and N1,000 notes goes against the position of the Supreme Court, and it is against the law to do so.
The governor’s warning was issued in light of the Supreme Court’s adjournment of the naira swap policy case of the Central Bank of Nigeria (CBN) until February 22, where 10 states’ consolidated suits will be heard.
The apex court had previously stated that the old notes remain legal tender.
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