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.
Haashim Initiative For Community Advancement Dunmade Omotoso Alaaya Aliyu Alhassan Raliat AbdulRazaq Oloriegbe Muhammed Taofeeq Abdulrazaq Ilesha-Baruba Congress For National Consensus Dasuki Belgore Okin Malt Kamaldeen Kehinde Isiaq Khadeejah Mahmud Ayinla Giwa Akeem Olatunji Fatimat Saliu Gwanara 08001000100 Bilikisu Oniyangi Aso-ofi Smart School Abubakar Bature Sulu-Gambari Ibrahim Abikan Oniye IPSAS Demola Banu Sabi Sobi Adijat Adebiyi Aishat Mohammed Lawal Ibrahim Abdulkadir Abikan Guber Aspirant Mamatu Abdullahi Aliyu Kora Sabi Kwara Coalition Of Business And Professional Associations Offa Metropolitan Club AGILE Programme Ijakadi COVID Ahmad Olayiwola Kamaldeen Moses Rahman Popoola UITH Sheriff Olanrewaju Olatunji Abdulmumeen Maimunat Oloriegbe Henry Makinwa Kumbi Titiloye Undergraduate Bursary Ojo Isekuse Emmanuel Olatunji Adesoye Lanre Jimoh Atiku Lasiele Alabi Yahaya Jawondo Erubu Abdulfatah Ahmed Vasolar-Kwara Company Ltd David Adesina Lateef Ademola Olatunji Kwara Metro Park Kwara Liberation Group Umar Bayo Abdulwahab Maryam Ado Bayero Saka Onimago Prince Bola Ajibola Femi Ogunsola Michael Ologundea Adebayo Mohammed Kamaldeen Yunus Lawal Owode Market Rex Olawoye Aasiyat Bello Oyedepo Reuben Paraje Sola Saraki University Noah Yusuf Kwara Polytechnic

