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.
Ajasse-Ipo Afusat Nike Ibrahim Sa\'adatu Modibbo-Kawu Sabo-Oke Al-Adaby 07039448763 Osinbajo Shuaib Olarongbe Toyin Abdullahi Yahaya Seriki Gambari EndSARS Jeunkunu-Malete-Bani Twitter Garba Idris Ajia Hassan A. Saliu Sheriff Olanrewaju Osi Muyiwa Oladipo Kanu Oju Ekun Sarumi Offa Usman Rifun Kabir Shagaya Segun Abifarin Olusola Saraki John Olajide Adedipe Pakata Oke-Odo Abdulfatah Ahmed Temitope Ogunbanke Hydroelectric Power Producing Areas Development Commission Kwara Muslim Pilgrims Welfare Board COEASU SDP Olaoye B. Felix Ibrahim Gambari Village Alive Development Association Mohammed Katsina Ahmed Saliu Ajia High Court Sobi Abdulquawiy Olododo Na\'Allah Split Diamond Interchange KW-GIS Abatemi-Usman Sango-UITH Road Oyun Kayode Laro Ilorin Central Mosque CKNG Olofa Of Offa Kisra IPSAS Ndama Al-hassan Olubukola Kifayat Adedeji Rebecca Bake Opaleke Bukola Iyabo Mutawali Of Ilorin Ghali Muhammed Shehu Adaramaja Abdulbaqi Jimoh Suleiman Idris Hamid Bobboyi General Hospital, Ilorin Gamji Members Association Wahab Egbewole TIIDELab Babaloja-General Justina Oha Kwara State Sports Commission Toyosi Thomas Kwasu Ijakadi Yekini Adio Aisha Abodunrin Ibrahim Moronfoye Kola Bukoye

