Sanwo-Olu warns against rejection of old notes - The Source

ADVERTISEMENT
  • Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
The Source
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
The Source
No Result
View All Result
Home News

Sanwo-Olu warns against rejection of old notes

The Source by The Source
February 15, 2023
in News
0
0
SHARES
36
VIEWS
Share on Facebookshare on whatsappShare on Twitter

[ad_1]

Bola Badmus – Lagos

 

 

Lagos State governor, Babajide Sanwo-Olu, has warned those rejecting the old Naira notes in the state to desist from doing so or face prosecution, saying that it was against the law of the land “to reject the old notes as doing so is contrary to the position of the Supreme Court.”

Governor Sanwo-Olu gave the warning in a statement issued by the State Commissioner for Information and Strategy, Mr. Gbenga Omotoso, noting that the position of the Apex court on the matter, which ruled that both new and Naira notes still be in circulation beyond the February 10, 2023 deadline placed by the Central Bank of Nigeria (CBN) had not changed.

This was just as the statement noted that the state government had joined the dispute occasioned by the Naira swap at the Supreme Court, which today adjourned the hearing of the matter till February 22. When the matter first came up on February 8, the apex court said the old notes remained legal tende

“The state government has joined the dispute at the Supreme Court, which today adjourned the hearing of the matter till February 22. 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,” Sanwo-Olu said.

The governor, while noting the patience and calmness of Lagosians, following the controversy generated by the Naira shortage crisis, urged them “to remain law-abiding and shun mischief makers who may exploit this temporary situation to promote their anti-people agenda, expressing confidence that the Judiciary would resolve all the issues around the currency shortage crisis.

Governor Sanwo-Olu, however, said his government, had started the distribution of the food packs, and the 50per cent fares slash on all state transportation facilities to “cushion the effect of the Central Bank of Nigeria (CBN) directive on the old notes, especially on the vulnerable among us.”

 

READ ALSO FROM NIGERIAN TRIBUNE 

[ad_2]

Be the first to read it our next BREAKING NEWS, POLITICS, METRO. Click here to join our WhatsApp group

Previous Post

Allow SSS grill Fani-Kayode, don’t ‘jump’ in, APC tells police

Next Post

Youths barricade roads in Ibadan, Ogbomoso over new naira scarcity

The Source

The Source

Related Posts

FG asks Governor Adeleke to suspend Osun LG election, says court has reinstated APC Chairmen
News

Osun LG Crisis: Group Slams AGF over Alleged Attempts to Reinstate Sacked LG Chairmen

by The Source
June 3, 2025
Killings: Buhari Is Nigeria’s Problem – Aisha Yesufu
News

Coalition Against Tinubu: Aisha Yesufu Cautions Nigerians

by The Source
June 3, 2025
Mother, Sons In Prison For N4.5m Theft
News

Supreme Court to Rule on Gwandu Emirate Tussle

by The Source
June 3, 2025
Osun Poly Admits Students for 10 New Courses, Releases Cut-off Mark
News

Cultism: Osun Poly Records Breakthrough, Kingpin Arraigned by Police

by The Source
June 2, 2025
Communities Clash: Scores Feared Dead, Churches, Houses Burnt In ​Benue
News

Catholic Church Shut Down Over 15 Parishes over Attacks

by The Source
June 2, 2025
Next Post

Youths barricade roads in Ibadan, Ogbomoso over new naira scarcity

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tags

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Categories

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tag

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Recent Posts

  • Osun LG Crisis: Group Slams AGF over Alleged Attempts to Reinstate Sacked LG Chairmen
  • Coalition Against Tinubu: Aisha Yesufu Cautions Nigerians
  • Supreme Court to Rule on Gwandu Emirate Tussle

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In