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.
UNIFEMGA Toyin Olayinka Tejidini Adamu Attah Mary Arinde Mumeen Lah Saadatu Modibbo-Kawu Offa Poly Kayode Ogunlowo Kwha.gov.ng Kehinde Baale VADA Clement Yomi Adeboye Muhammad Akande Olarewaju Odunade Muritala Olarewaju Ahmed Mohammed Rifun Just Event Online Yakubu Gobir Quareeb Abdulwahab Ololele James Ayeni Damilola Yusuf Adelodun RTEAN Nigerian Army Muideen Olaniyi Alalade Taofik Abdulkareem International Aviation College All Peoples Party EndSARS Ilorin East/South Federal Constituency Patigi Regatta Mustapha Olanipekun Cornelius Adebayo Olupako Of Share Wale Oladepo Bamidele Adegoke Oladimeji Durosinlohun Kawu Gbenga Olawepo Ohoro Of Shao Oba Mogaji Abdulkadir Adedayo Yusuf Abdulkareem Vasolar Consultoria Ridwan Agboola Aminu Adisa Logun KWACOBPA Joshua Adeyemi Adimula Balogun Gambari Sarakite Yomi Adeboye Kwara Pdp Alanamu Kannike Adewuyi Funmilayo Bayo Lawal Okala Baba Sheikh Ariyibi Lai Mohammed AbdulRahman Saad Lawal Jimoh Ahmed Bayero Students Union Government Hijaab Kwara Basketball Association Oniyangi Kunle Sulaiman Okiki Mufutau Gbadamosi Esuwoye Medview Airlines KWATMA Salman Suleiman Adama Isa Baba Adini Of Kwara State Atiku Olayinka Jelili Yusuf Simeon Sule Ajibola Oye Tinuoye Omotoso Hassan A. Saliu Razaq Ayobami Akanbi

