The Lagos State Judiciary has issued a statement clarifying recent news about the rejection of old naira notes by court officials in Lagos. The statement, signed by T.A. Elias, Ag. Chief Registrar of the Lagos State Judiciary, explained that the decision to reject the notes was due to security concerns and financial regulations.
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“As usual cash collected at our various Registries were taken to the Banks for deposit. On Monday 13th February, 2023, the Bankers refused to collect the cash. Under the Financial Regulations there’s a limit to how much cash, we could hold in house, and for security reasons too,” the statement said.
The statement went on to say that the Lagos State Judiciary had consulted with the appropriate quarters on the matter and had advised the public to use electronic platforms for payments while the issue was being resolved.
“After due consultations today, the Lagos State Judiciary resolved to receive cash payments, alongside electronic transfers from the Public,” the statement said.
“The Lagos State Judiciary wishes to reiterate that it is an integral part of the Nigerian Judiciary and holds tenaciously to the due administration of Justice and the Rule of Law generally.”
The rejection of old naira notes had caused confusion among litigants who were unsure about the means of payment for services in the Lagos State Judiciary. With the acceptance of cash payments now restored, the public can continue to access the court’s services in a manner that is both secure and efficient.
The rejection of old naira notes by the banks is likely due to the fact that the Central Bank of Nigeria introduced new notes and announced that the old ones were no longer legal tender.
However, getting hold of the new notes has been difficult, with many banks and other financial facilities, such as point-of-sale machines, complaining that they do not have enough new notes to dispense to the general public.
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