Home Lagos Old naira notes: Report cases of rejection — LASCOPA urges residents

Old naira notes: Report cases of rejection — LASCOPA urges residents


The Lagos State Consumer Protection Agency(LASCOPA) has urged residents to report cases of rejection of old N500 and N1,000 notes in the state instead of creating scenes or causing public unrest.

This was according to the General Manager of Lagos State Consumer Protection Agency(LASCOPA) Mr Afolabi Solebo, who also made it known that the agency had been deeply involved in resolving cases bordering on acceptance and rejection of the old notes.

Solebo stated this on Wednesday when he led officials of the agency on an advocacy walk within Ikeja to commemorate this year’s World Consumers’ Rights Day with the theme “Empowering consumers through clean energy transitions.”

Solebo, in his statement, mentioned that the call for the acceptance of old notes was in line with the Supreme Court judgment extending the validity of the notes till December 2023.

“Since a few days ago when Governor Sanwo-Olu made the position of the state government known regarding the old currency, we have received quite a number of complaints in this regard and swiftly addressed them. In some cases, we called some business owners who immediately complied and accepted the old currency notes.

“I can tell you that people are aware of LASCOPA and because they don’t want to be on the wrong side of the law, they have started complying with the use of the old naira notes. I plead with those still rejecting these old notes to desist from doing that,” Solebo stated.



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