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.
Segun Abifarin Oba Sulaiman Asude Talaka Parapo Abubakar Abdullahi Bata Muhammed Mahe Abdulkadir Mahmud Durosinlohun Atiku Musbau A. Akanji Alfa Modibbo Belgore Muhammed Abdullahi Esinrogunjo Kwarareports.com Fatai Garuba Labaka Abubakar Lah Kannike Adedeji Onimago Oya State Hakeem Lawal HAMFAT Clinic And Maternity Yusuf Amuda Gobir Toyin Falola Ijagbo Sayomi Al-Hikmah Radio Abdullahi G. Mohammad Sulu Babaita Isiaka Wahab Kunle Shittu Ahman Patigi Rabiu Kwankwaso Olatunde Oyeyiola Adaramaja JSSCE Dele Belgore Durbar Shuaib Olarongbe Shuaib Abdulkadir Sheu Ndanusa Usman Sulaiman Gado Oro Grammar School Old Students Association Ibrahim Labaika Transition Implementation Committee Ahmed Benin Republic T And K FOODS Isiaka Danmeromu Ayobami Seriki Akande Idowu Ayoola Muhammed Elerinjare Zainab Abass Shade Omoniyi Onilorin Of Ilorin Isiaka Rafiu Mope Ladi Hassan Abdulrosheed Okiki Sarah Alade NTA Ilorin Lanre Issa-Onilu Oluwole Dupe Saduki Lafiagi Oba Abdulkadir La\'aro Ajakaye Salihu Ajia Olaiya Lawal Funmilayo Zubair FERMA Laolu Saraki Sa\'adatu Modibbo-Kawu Taofik Abiodun Ahmed Umar Ayinla Saro Code Of Conduct Bureau Yinka Aluko Abdulkadir Jimoh Ibikunle Ogunleye Oyin-Zubair IFK Tope Daramola Bayo Ojo Adeleke Ogungbe

