Lagos to sanction businesses rejecting old naira notes

The Lagos State Governor, Babajide Sanwo-Olu, on Monday urged the people of the state to accept the old N200, N500, and N1000 naira notes.

Sanwo-Olu, who made the appeal in a statement issued by his Chief Press Secretary, Gboyega Akosile, threatened to sanction any business that rejects the old naira notes in the state.

The Supreme Court had on March 3 reversed the redesign of the Naira notes and extended the validity of the old naira notes to December 31.