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.
Mutawali Of Ilorin Yahya Mohammed Neuropsychiatric Hospital Ajakaye Roheemat Hammed Isau Akande Idowu Ayoola Muhammed Amos Sayo Babata Aminu Ado Bayero Donatus Ejidike Tosho Yaqub Olatunji Bamgbola Plat Technologies Limited Fatai Olodo Dogara Abdulraheem Yusuf Olajumoke Monsura Gafar CT Ayeni Aremu Bose Deborah Khadijat Ayoola Yusuf Abdulrauf Aliyu Toyin Falola Aliyu Kora-Sabi Garment Factory Garba Ayodele Wahab Mohammed Alabi Lawal Budo Egba Hydroelectric Power Producing Areas Development Commission Tosin Saraki Zulkifli Ibraheem Isaac Gbenle Saka Keji Bolakale Saka Sadiq Umar Prince Mahe Abdulkadir Baba Adini Of Kwara State Tunde Akanbi Amina El-Imam Kwha.gov.ng Yusuf A. Usman Federal Allocation Mahee Abdulkadir Abdulazeez Uthman Moshood Kashimawo Abiola Oba David Oyerinola Adedunmoye Mustapha Akanbi Lateef Fagbemi Bukola Ajikobi Mashood Dauda Taibat Ayinke Ahmed Umar Ayinla Saro LABTOP Erubu Bureau Of Lands Metro Park Lafiagi Photo News Amule Elementary School Abdulmajeed Abdullahi Gbemi Saraki Apaola Abdulquowiyu Olododo Sobi Olokoba Valsolar-Kwara Company Limited Hassan A. Saliu Mohammed Yahaya Barki Students Union Government Adamu B. Yaqubu Idiagbon Shagari Mohammed Jimoh Faworaja Hassan Taiye Salam Oloruntoyosi Thomas Oniyangi Ibrahim Orire

