Beggars join Kwara traders to reject old naira notes
Barely a few days before the deadline of January 31 set by the Central Bank of Nigeria for the deposit of old notes of the newly-redesigned naira denominations, traders across markets in Kwara State are rejecting old N200, N500 and N1,000.
According to findings by DAILY POST, some traders in Ilorin, the state capital, are refusing the old currencies as a medium of exchange due to the difficulty in depositing them in their various banks as directed by the Central Bank of Nigeria, CBN.
A fish merchant, Alhaja Dupe who spoke with DAILY POST said dealers from whom they buy their stocks in Yawiri, Tsaragi, Share and Gbugbu markets of Kwara State have started rejecting the old currencies.
The development, according to her, now left traders at a crossroads as most who travel from Ilorin to purchase their stock in faraway markets return empty-handed due to the rejection of their money which was in the old currencies.
She further complained that butchers and sellers of beef are not exempted from the current development.
This was confirmed by Moshood Ita-Adu, Chairman of Butchers Association at Akerebiata Abbatoir, along Sobi Road, who avowed that the development started a few days ago.
He said Fulani cattle dealers bluntly refused to accept old currencies, insisting on new notes.
Consequently, beef has become scarce and expensive in the state.
A meat seller, Iya Ayisat, also complained bitterly that the rejection of old naira notes by cattle dealers has caused a disruption to daily business.
Further findings by DAILY POST indicated that even street beggars in Ilorin have also started to reject offerings in old currency notes.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Kwara State Pension Board Ola Falade Adesoye College Mohammed Ibrahim John Dara Alumni Association Of The Federal Polytechnic Offa ASUU Isau Ibrahim Oloriegbe Segun Abifarin Saadu Alanamu Kwarareports Siddiq Adebayo Idowu Salawu Oladimeji Thompson Ilorin Central Mosque Ahmad Olayiwola Kamaldeen Muftau Akanbi Oke Kubra Kazum Ibrahim Issa Jetti Zaratu Umar Elekoyangan Lanre Issa-Onilu Bola Shagaya Funmilayo Oniwa Bola Sagaya Shonga RTEAN Chief Imam Of Ilorin Ilorin Emirate Staff Association Victor Gbenga Yusuf Oniye Sabi Yusuf Abubakar Ajasse-Ipo Olam Food Ingredients Ilorin Likeminds Foundation Afetu Of Alabe College Of Education General Tunde Idiagbon International Airport Tayo Awodiji Ajikobi Mamatu Abdullahi March 28 Ethical College Salmon Babatunde Salmon Moronfoye College Of Arabic And Islamic Legal Studies Kayode Bankole Bukola Saraki LEAH Charity Foundation Rapheal Ashaolu Kwara State Internal Revenue Service Kwara 2015 Abdullahi Samari Matthew Okedare Ashiru International Aviation College Jalala Oba-Solagberu Wahab Issa Basit Olatunji Royal FM Muhammadu Gobir Pakata Development Association M.Y. Abdulrahaman Nigerian Army Oloruntoyosi Thomas Adeleke Ogungbe Bashir Omolaja Bolarinwa Kwara State Fire Service Taofeeq Olateju Road Transport Employers Association Of Nigeria Yusuf Lawal Mustapha Akanbi George Innih Saka Isau Amusement Park

