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.
Oyeyemi Olasumbo Florence Oko Erin SDP Mahmud Babatunde Baker Ilesha-Baruba Nigerian Army Yoonus Lawal Akeem Lawal Soffiyyallah Kamaldeen Harmony Holdings Ekiti Siraj Oyewale Pategi Kwara 2015 Isapa Abatemi Usman Iyiola Oyedepo Abdullahi Dasilva Yussuf Afolasade Opeyemi Kemi Ope Saraki Amule Elementary School Abikan Edu Abdulfatah Ahmed Baba-Isale Bolakale Ayo Umar Adelodun Abdulfatai Salman Baakini IEDPU Joana Nnazua Kolo Kwara FERMA Olatunji Ayeni Shoprite Olabimpe Olani Akeem Olatunji Chartered Institute Of Personnel Management Of Nigeria Raliat Elelu-Habeeb Salihu Ajibola Ajia Ahmad Ali Gwanara Presidential Election Isiaka Oniwa Saliu Tunde Bello Alliance For Democracy Sarah Alade Aminu Ado Bayero Medinat Folorunsho Salman Okasanmi Ajayi Haruna Olawale Sulaiman Sa\'adu Gambari QuickWin Iyabo Dupe Adekeye Special Agro-Industrial Hub Umar Yakubu Jaja Bature Bello Kola Shittu Olusola Saraki Kwara State Sports Commission Jimoh Lambe Abdulkareem Afonja Kwara State Football Association Amuda Aluko Ridwan Agboola Florence Saraki Dan Iya Of Ilorin Bisi Oyeleke Ekweremadu Saliu Alamoyo Kwarareports.com Abdullateef Abdussalam Babaita Dan Iya Damilola Yusuf Adelodun Folaranmi Aro Ajidagba Minister

