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.
Bolakale Kawu Oke-Kura Coronavirus Salihu Ajia Kolade Solagberu Sulyman Atolagbe Alege Federal College Of Education (Special), Afon Aminat Ahmed Neo Mundo Ltd Kisra 2017 Budget Oke-Ogun Oke-opin Agboola Abdulraheem Aiyedun Mustapha Akanbi Laduba Mahmud Durosinlohun Atiku Kwara State Television Kulende Hussein Oloyede Olomu Sardauna Of Ilorin Kola Shittu Rotimi Atere Bolaji Gambari Durosinlohun Atiku Oko Arinola Lawal Ilorin Metro Park Offa Grammer School Yakubu Dogara Joseph Bamigboye Kudirat Arinola Lawal Kunle Okeowo Local Government Pension Board Balogun Fulani Sheikh Ridhwanullah Quareeb Afin Descendants Union Of Odo-Owa Asa General Hospital, Ilorin Shagari Lucky Omoluwa Bukola Ajikobi Bello Oyebanji Abdulrasheed Na\'Allah Code Of Conduct SAPZ Project Taofik Abdulkareem Babaita Madawaki Of Ilorin Ishaq Oloyede Shehu Jimoh Kwara State Pension Board Saheed Popoola Jalala Muyiwa Oladipo Kanu Sheikh Hamzat Yusuf Ariyibi Folorunsho Alao Nigeria Computer Society Oju Ekun Sarumi Ibrahim Taiwo Oyedun Juliana Funke Pakata AGM Professional Services Markaz Arabic And Islamic Training Institute, Agege Sa\'adu Salau Muhammad-Mustapha Suleiman Oluranti Idowu Share GANZY UNILORIN Alumni Association IESA Niyi Osundare Wasiu Odewale Babatunde Idiagbon Photo News

