- Governor of Lagos state, Babajide Sanwo-Olu, who is seeking a second term in office, has issued a stern warning to banks and commercial businesses in the state
- The governor, on Monday, March 13, approved the closure of any bank, business or commercial outlet that fails to accept or transact with the old naira notes
- Governor Sanwo-Olu urged residents to report to the nearest Lagos State Consumer Protection Agency (LASCOPA) if they encounter any difficulty
Lagos, Ikeja – Amid the ongoing disparities over the circulation and usage of the old N200, N500 and N100 notes, Governor Babajide Sanwo-Olu of Lagos state has issued a directive to close businesses and outlets that refuse to transact with the old currency.
Recall that in a recent proceeding, the Supreme Court ruled that the old currency would remain legal for business and transactions until December 31.
