The Lagos State Government has issued a formal warning to residents of the state not to reject the old N200, N500, N1000 notes.

In a statement issued by the Commissioner of Information and Strategy, Gbenga Omotoso, Governor Babajide Sanwo-Olu warned those rejecting the notes to desist from doing so or face prosecution.

The rest of the statement reads; “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 urges Lagosians to remain law-abiding and shun mischief makers who may exploit this temporary situation to promote their anti-people agenda. He is confident that the Judiciary will resolve all the issues around the currency shortage crisis.

“To cushion the effect of the Central Bank of Nigeria (CBN) directive on the old notes, especially on the vulnerable among us, Lagos State has started the distribution of the food packs promised by the Governor. The 50% fares slash on all State transportation facilities continues, as directed by Mr. Governor.”

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