Several traders in Akure, the Ondo capital, on Monday rejected the old naira banknotes of N200, N500 and N1,000 despite the extension of their validity by the Supreme Court of Nigeria.


Many residents of the state with the old banknotes were stranded in several locations in Akure since they could not spend it.


A thrift collector in Oba-Ile, Akure, who did not want his name to be mentioned said she was distressed when she heard that many banks were no longer collecting the old banknotes from customers.

According to the thrift collector, she called WEMA Bank officials who told her the bank would no longer take the old banknotes. It was a POS operator who later collected the banknotes from her.

The thrift collector urged President Muhammadu Buhari’s regime and the Central Bank of Nigeria (CBN) not to allow the naira policy to give Nigerians hypertension.

“Government should not give us hypertension. How will rural dwellers survive? The authorities should reconsider this policy,” she stated. “It is worrisome that the Supreme Court’s order could not be obeyed.”

A taxi driver in Akure, identified as Favour, said he was surprised to learn about the rejection of the old banknotes. He said the rejection of the old notes, if not quickly checked, would send many to early graves.

“But I know that they are not more powerful than God. I have stopped collecting it from passengers since I can’t spend it. These banks should be sanctioned by the court of jurisdiction. And the government should allow people to continue to spend it until the new ones are abundant in circulation,” he said.

According to him, filling stations have stopped collecting the old naira notes as well.

Oluwafunke Ademola, a POS operator in Oba-Ile, Akure, said that Zenith Bank in Akure was initially collecting the old notes from customers before it stopped.

Ms Ademola explained that a First Bank POS agent instructed POS operators to deposit all their old naira notes between Monday and Tuesday. Following that directive, Ms Ademola said she had stopped collecting the old notes from customers.

She added that it was worrisome that the CBN and other authorities were not talking to Nigerians.

“Though the court is supreme, there is no statement from the CBN leadership,” she said.

According to her, the effects of disobeying the court order would be felt mainly by poor Nigerians.

Taiwo Fakorede, an engineer, said it was sudden to many Akure residents since no commercial banks opened to the public last week.

The engineer, who said the pain inflicted on the masses would be too much, requested an extension for the collection of the old naira notes.

(NAN)

https://gazettengr.com/cbn-crisis-confusion-as-traders-drivers-reject-old-naira-notes/

Blame Tinubu

n

Hege

APC derives joy in seeing Nigerians suffer

We must vote them out on 25th February

A lot of banks have been compromised by politicians I don't understand why the government isn't probing them.

WBB

Pls go to Thifnubu house. The BULLION VANS conveying the NAIRA missed road and entered his compound.

FG and CBN should sit up

Jashub:
A lot of banks have been compromised by politicians I don't understand why the government isn't probing them.

APC just love suffering. APC has made lawless the norm.

Jagaban in the mud. Bullion van now useless

Ogbuefi2020:
Jagaban in the mud. Bullion van now useless

I just watched that Adamu on channels now. Imaging these are our policy makers under APC.

Lol the CBN just want to fustrate the masses more....


I dey see for some where the other time that you've to fill form online to deposit old money at CBN...


This is another avenue for people to start ripping each other you will soon see people going to doz Villages places far from the Capital to buy Old note from people using it to cashout na wetin go jus dey get loopholes na him this CBN dey du....

Nlpfmod

We will all be there ok, let's face it once and for all.let the old notes go, say no to vote buying

Yaribanzaonic:
E done end for thiefnubuu...

Let me not laugh. Many of APC boys including youth director has been crying since. Mynd44.

iwaeda:
Nlpfmod

Omoh aleh keep peddling fake news 🤣

Thooonndeeer faya alaigbo piglets 🤣🤣

Zulum500:
Thooonndeeer faya alaigbo piglets 🤣🤣

You mean Urchins.

Zulum500:


Omoh aleh keep peddling fake news 🤣

Omo Iran Kiran keep on supporting evil.

In all my life this is low low for the populace. The case when supposed people with first class supports dullards.

The chaotic implementation of this policy is regrettable.

What I found most disturbing is that it has further exposed some opportunists and their headless mobs to be anti masses.

They just want the suffering of the masses to persist just because they feel their political opponents would be discredited by it.

Or how do one explain that some people are still urging Buhari and Emefiele on?
Same Buhari and Emefiele they have cursed repeatedly in the near past for being utter failures.

the Party emanates glee in seeing Nigerians s suffer We must vote them out on 25th February

Emm, Check my profile if you need help with your statement of purpose, personal statement, assignment, dissertation, or thesis.

techWriter3:
the Party emanates glee in seeing Nigerians s suffer We must vote them out on 25th February

Emm, Check my profile if you need help with your statement of purpose, personal statement, assignment, dissertation, or thesis.

Yes oo, we must them out last Las.

APC urchins rioting in Ijoko, Ijaye, Hope Seun is calm.

is APC killing Nigeria

inoki247:
Lol the CBN just want to fustrate the masses more....


I dey see for some where the other time that you've to fill form online to deposit old money at CBN...


This is another avenue for people to start ripping each other you will soon see people going to doz Villages places far from the Capital to buy Old note from people using it to cashout na wetin go jus dey get loopholes na him this CBN dey du....

More confusion, nobody wants yo accept old note.