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.
Mohammed Katsina Ahmed Sarkin Malamai Wahab Isa Abdullah Janet Amudat Ademola Kiyesola Oba David Oyerinola Adedunmoye Ibrahim Taiwo Osuwa Christopher Odetunde Ilorin Metro Park Alanamu Shero Ahmed Bolaji Nagode Abdulkadir Akanbi-Oke Saad Omo\'ya Bukola Saraki Emmanuel Olatunji Adesoye National Pilot Harafat E. Mukadam Binta Abubakar Mora College Of Arabic And Islamic Legal Studies Bola Iyabo Ibiyeye Adisa March 18 Split Diamond Interchange Idowu Aremu Wahab Agbaje Akom Construction And Engineering Synergy Ltd Awoye Yusuf Ibitokun Sherifat Dapo Teni Nig Enterprise Ebun-Olu Adegboruwa Fareedah Dankaka Abdulrahman Abdulrazaq Taofik Abdulkareem Babaita Razak Atunwa Ndakene A.E. Afolabi Adebara Rebecca Olanrewaju Yaman Abdulsalam Firdaous Amosa Suleiman Abubakar Nigeria Computer Society Tayo Awodiji Rex Olawoye Oja-Oba Adegoke Bamidele Ajakaye Fatimah Abdulkadir Aliyu Kora-Sabi Saliu Alamoyo Muhammed Abdullahi Bolakale Kawu Sheriff Shagaya Timothy Akangbe Joseph Yemi Ajayi Ibrahim Agboola Gambari Oloruntoyosi Thomas Titus Ashaolu Aremu Odolaye Abdulkadri Ahmad Alaiye Royal FM Isaac Aderemi Kolawole Usman Alkali Baba Kwara Central Ilorin.Info Sherif Sagaya Quareeb Islamic Association AbdulRauf Keji Salake Amos Bajeh Umar Gunu International Public Sector Accounting Standards Leke Ogungbe Maja Iponrin Kabir Shagaya

