We experience this quite often.

But i noticed most parts of northern nigeria do not reject money unlike southern.

It's worse with the polymer notes. 'Cause most of them get faded easily.

What is your reason for such rejection? Is it legal?
Does naira notes lose their function as legal tender,once they're torn?

Fading Polymer Naira Notes Face Rejection Published on March 11, 2013 by · No Comments

On 28 February, 2007 when the Central Bank of Nigeria, CBN, announced the introduction of polymer versions of 5, 10, 20, and 50 naira notes, many citizens hailedthe novel idea.

Six years after, however, many Nigerians are now rejecting the polymer currency notes, either because it is faded to the point it can no longer be spent, or it shrinks after a while.

The CBN, under its former governor, Chukwuma Soludo, had in 2008, first unveiled the 20 naira polymer note, to test its acceptance by the public.

Nigeria’s polymer currencies fading

Nigerians warmly welcomed the new note and exchanged it with the old paper note inthe same denomination, which was gradually phased out.

It was Soludo’s successor, Sanusi Lamido Sanusi, who, eventually, in 2009, released the remaining 5, 10 and 50 naira versions of the polymer currency.

But that policy decision of introducing the polymer bank notes is now being rued by many citizens, given the poor quality and short life span of the currency note, made of polythene.

In buses, stores, and markets, many people now reject some of the polymer notes, either because the currency features printed on them have faded out, or have so shrunk they look ugly.

“Government should have left us with the old paper naira that we are used to. Even after prolonged use, it (paper note) only gets dirty or torn; and one can still piece it together with an adhesive tape.

“Unlike this one (polymer) that fades out easily that you cannot even recognise again,” lamented Mrs. Okon, a fruit seller in Ikeja GRA, Lagos.

A bus driver on the Ketu-Berger route in Lagos also complained of the poor quality ofthe polymer notes.

“My conductor regularly quarrels with passengers who sometimes reject the faded notes, even though some other passengers were the ones who gave us the worn out notes.

“Government should just phase them out and let us return to the old paper notes,” advised the commuter bus operator.

It is not just the citizens who have issues with the polymer notes.

The CBN itself has recently admitted the currency was no longer sustainable. For that, it announced it would no longer issue bank notes on polymer, citing higher costs and “environmental issues”.

The apex bank also decries the fact that Securency International Pty Limited, the Australian firm, which prints the polymer notes, holds the patents and rights to the currency notes.

The CBN, according to Tunde Lemo, its Deputy Governor, Operations, has thus resolved to cease printing the naira in polymer notes to end the monopoly of Securency.

“Securency is the only producer of polymer currency in the world and so the CBN has been resorting to single sorting for bank note.

“This, we think, is not good for the country. Even though the plan is to coin N5, N10 and N20, the N50 note will be converted to paper currency.

“However, if Nigerians show preference for retaining the N5, N10 and N20 in banknotesinstead of coins, it shall no longer be in polymer,” Lemo told reporters last year.

The CBN official also said the destruction of bank notes made of polymer has proved to be a challenge in Nigeria, due to environmental constraints.

source

Money shouldnt lose its functions just cause its partially torn. In the North this is not done. In Katsina you can spend two different halves of same denomination joined together..and no one looks at it twice. However in the East, sometimes money gets rejected even when its like 5milimeter torn. So it's more of what obtains in a particular community.

It surprises me how the southerners reject notes. What makes the northerners treat such naira notes differently...does it have anything to do with culture??

A torn or fade on a bill has no effect on its financial or monetary power but a reduction in its facial quality.

Faded bills spoil swaggs mehn! Most especially when trying to impress the new chics.

Some people culture ,

I made first page

It does not like nice

People like new things

I collect any money

devigblegble: Some people culture ,

Popowaa: I made first page

Imprida: It does not like nice

vizboy: People like new things

Emyogalanya: I collect any money

Not by force to post

why u no fit wear torn or faded t shirt?
Oya, answer me OP!

Galaxy.Note.II:



Not by force to post

Whatever

So far its not fake, take it to any bank... I do change such in my bank, its CBN properties, they cant deny them...

if u want my own opinion on this life-changing question, i suggest u log onto stupid_question.com

I reject it because other people reject it and i cant spend it

NEXT........

Its jst a reductn in its facial quality n nothg more.

NAIRA IZ NAIRA

I reject it because of the old market women i patronize. . . They started it

Taraba is worse than any other place in this country, it doesn't matter how it is they will collect it. I was given one I had to keep it, not that I couldn't spend it but just as art.


I'll check for the pic and upload it later.

Popowaa: I made first page

**Start dancing alingo joor**

See question oooo....God deliver us by FIRE 4rm d power of unanswerable question on NL

Once at 1st bank, d teller told me he wouldn't take a torn note.


Oh well...


Lemme gather my torn notes... Maybe one day, i'll head north.

If anyone reject ton or faded currency report that person to police,because it is a legal tender meant for exchange no one uses it for decoration.

I reject it because no one will accept it from me. This is worse here in the east, no matter how the money is as long as it isn't shiny, it won't be accepted

centje: It surprises me how the southerners reject notes. What makes the northerners treat such naira notes differently...does it have anything to do with culture??

Its in their nature to make do with laxity... no one should quote me oo, na so my mind just feel

Maybe a better question is, why would one accept a torn or faded note?

Why accept worn notes when you can equally demand fresh-looking ones?

Torn notes are fine in the north cause the bombs break them.

sol2galay: If anyone reject ton or faded currency report that person to police,because it is a legal tender meant for exchange no one uses it for decoration.