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It’s illegal to reject old naira notes, Sanwo-Olu tells Lagos residents

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Babajide Sanwo-Olu, the governor of Lagos, says in line with the judgement of the supreme court, old naira notes remain legal tender in the state.

On March 3, the supreme court ruled that the old N200, N500, and N1,000 notes remain legal tender until December 31, 2023.

The judgment was a result of a suit filed by 16 states in the country, including Lagos, challenging the naira redesign policy of the Central Bank of Nigeria (CBN) in the apex court.

Following the judgment, checks by TheCable showed that many business owners and petty traders in Lagos have refused to accept payments made with the old naira notes.

In a statement issued on Monday by Gbenga Omotoso, the commissioner for information, the governor advised all agencies of the state government not to reject payments made with the old currency.

“The Lagos state government has noted the hardship sparked by the naira redesign policy, which has affected business and commercial activities. There is no reason to reject the old notes, going by the supreme court judgment delivered on March 3, 2023,” he said.

“The apex court declared that no reasonable notice was given as required by section 20(3) of the CBN act, noting that the public only became aware of the policy through press remarks, which cannot qualify as a notice to the public.

“The court maintained that the policy has impeded the functions of state governments, pointing out that the directive that stops the use of the old notes is illegal, unconstitutional, null and void.

“Governor Babajide Sanwo-Olu has, therefore, called on business owners, especially retailers, to accept the old N500 and N1,000 notes – in line with the supreme court judgment that the currency remains legal tender until December 31, 2023. It is illegal to reject the notes.”

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JUST IN: NLC To Embark On Nationwide Strike Over Naira Scarcity

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The Nigeria Labour Congress (NLC) has directed public sector workers in the country to embark on strike beginning from Wednesday next week.

Joe Ajaero, NLC president, gave the directive at an ongoing media briefing at Labour House in Abuja on Wednesday.

He also directed that affiliate unions constituting the Nigeria Labour Congress should also be on standby for picketing exercise across all branches of the Central Bank of Nigeria (CBN) nationwide.

He said the directive became imperative following the expiration of a one-week ultimatum given to the apex bank to make cash available for Nigerians.

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Lagos Airport Hotel assures customers of safety after fire incident

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The Management of the Lagos Airport Hotel Limited has allayed the fears of customers after the fire incident in one of the layover rooms in its administrative section.

The hotel’s Acting General Manager, Mrs Folashade Awe, in a statement, assured customers of their safety, as the fire incident was far from the customers’ service blocks

According to her, no life was lost as it was quickly brought under control.

“Although the cause of the fire is yet to be ascertained at the time of this report, it might likely be as a result of an electric spark,” Awe remarked.

The acting general manager claimed that the hotel operated on a high level of general safety and discipline “and wishes to correct the impression that the whole hotel was on fire”.

She reiterated that only a tiny portion of the staff layover that was isolated from the hotel service rooms was affected and the incident did not in any way affect the hotel’s daily operations.

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INEC to resume collation of results in Abia, Enugu today

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The Independent National Electoral Commission (INEC) says it will resume the collation of election results in three LGAs in Enugu and Abia states today.

The electoral body had on Monday suspended the collation of results from Obingwa LGA in Abia as well as Nsukka and Nkanu East LGAs in Enugu.

Festus Okoye, INEC national commissioner and chairman, information and voter education committee, announced the resumption of the exercise in a statement on Wednesday.

“It will be recalled that the Commission met on Monday 20th March 2023 and reviewed the conduct of the Governorship and State Assembly elections held nationwide on Saturday 18th March 2023,” the statement reads.

“Arising from the meeting, the Commission took the decision to suspend further collation of the Governorship election results in some parts of Abia and Enugu States in order to carry out a review of the collation processes in both States.

“The Commission has concluded the review. Consequently, the collation of results for the Governorship election in both Abia and Enugu States will continue today 22nd March 2023.

“The Commission appreciates the patience and understanding of the people of both states as we conclude the collation processes.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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