Rejection of Old Naira Notes by Lagos BRT

Rejection of Old Naira Notes by Lagos BRT

One of the greatest surprises that confronted me this morning was the refusal by Lagos BRT tickets to accept old naira notes from commuters.

Until otherwise stated by the CBN, the old naira notes remain legal tender and anyone who rejects it is infringing on the laws of the land. Are we therefore right in saying that the Lagos State Govt is committing an economic crime by refusing to accept Nigeria’s legal tender? That’s undisputable in the foregoing circumstance.

It is surprising that while the Kano State Government is shutting down big shopping malls and other businesses rejecting the old naira notes, the Lagos State Govt is doing otherwise by joining those rejecting it. Already, the biggest shopping malls and supermarkets in Lagos have stopped accepting the old notes. This is notwithstanding the difficulty associated with obtaining cash (either old or new) during this period.

Rejection of Old Naira Notes by Lagos BRT
    Lagos State Governor; Babajide Sanwo-Olu

    Unless it comes out with an official statement denouncing this act, we should safely assume that the Government of Governor Babajide Sanwo-Olu has joined the fray of those punishing Nigerians at this critical time.

    Read Also: Naira Redesign: Matters Arising

    However, I believe that given the fact that he has been one of the most responsive and responsible governors in Nigeria in the last three years, Governor Babajide Sanwo-Olu would surely stand on the part of the masses in these trying days by calling the operators of the BRT to order.

    CREDIT: / Uzogara Tobechukwu


    Disclaimer: “The views/contents expressed in this article are the sole responsibility of Uzogara Tobechukwu and do not necessarily reflect those of The World Satellite (TWS). TWS will not be responsible or liable for any inaccurate or incorrect statements contained in this article.”


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