Beggars join Kwara traders to reject old naira notes

Date: 2023-01-27

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.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Baba Issa     Fatai Olodo     Eleyele     Aso Ofi     VADA     Abdulkadri Ahmad Alaiye     Umar Ahmed Gunu     Chikanda     Amina Susa\'a De Ahmed     Ilorin Emirate     Kisira     Abubakar Imam     Ramat Oganija     Forgo Battery Company Limited     Yakubu Shaaba     Isapa     Elerin Of Adanla     Shuaib Jawondo     Suleman Abubakar     Raji AbdulRasaq     Alfa Belgore     Sa\'adu Salau     Ilorin East/South Federal Constituency     Ali Ahmad     Toyin Sanusi     Niyi Osundare     LEAH Charity Foundation     Modibbo Kawu     Coronavirus     Olugbense     Countryside Emerging Leaders Fellowship     Ishak Mohammed Sabi     NNPP     Federal College Of Education (Special), Afon     Funmilayo Oniwa     Mahe Abdulkadir     Abdulhakeem Amao     Kwara Central     Labaeka     Harafat E. Mukadam     Sulyman Buhari     A.E. Afolabi     Mahmud Babatunde Baker     Adesina Simon Sodiya     National Party Of Nigeria     Mutawali     Funmi Salau     Biliaminu Aliu     Bareke     Yemi Osinbajo     Akanbi-Oke     Facebook     Kehinde Boyede     Jare Olatundun     Alapado     Reuben Paraje     Muhammadu Gobir     Ahmad Lawan     Adesoye     Iyabo Adewuyi     Bamidele Adegoke     National Information Technology Development Agency     Borgu     IPSAS     Oba Abdulrahim     Apaola     Bashirat Bola Bello     Lawyers Unite Against Corruption     Khairat Gwadabe     Jimoh Akani     Kulende     Emir Of Kano     Joseph Offorjama     Razak Atunwa     GANZY     Abatemi-Usman     Abdulbaqi Jimoh    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Cassava Growers\' Association     Taofeek Sanusi     Mohammed Tunde-Jimoh     Tosin Saraki     Abdul-Rahoof Bello     Abubakar Aliagan     TVC Female National Debate     Abdulfatai Salman Baakini     Yusuf Arowosaye     Kawu Baraje     Valsolar     Ayinde Oyepitan     Isaac Gbenle     Medview Airlines     Abdulkadir Orire     Emir Of Shonga     Bashir Badawi     Abubakar Abdulraheem     ASMAU PLAZA     Ilorin International Airport     Ubandoma     Raliat AbdulRazaq     Suleiman Ajadi     Kemi Adeosun     Jimoh Saadudeen Muhammed     Lai Mohammed     Funmilayo Zubair     Illyasu Abdullahi     Charles Ibitoye     Balogun Fulani     Zaratu Umar     Ella Supreme Tissue Paper     Aliyu Muhammed     Samuel Elizabeth Keatswa     Adamu Jemilat-Baki     Radio Kwara     Memunat Monsuma     Rasheed Jimoh     KWTV     Ileloke     Abdulrahman Abdullahi Kayode     Alabere     Abdulsalam Firdaous Amosa     John Obuh     Kwara Teaching Service Commission     Orire     Raheem Adaramaja     Shettima Of Ilorin     Emir Of Ilorin     Christian Association Of Nigeria     Offa     NIRSAL     Junior Secondary School Certificate Examinations     Kwara Coalition Of Business And Professional Associations     Oba Abdulrahim     Old Oyo     Oloje     Oke-opin     Code Of Conduct Tribunal     Kishira     Yakub Lai Gobir     Sherif Sagaya     Arinola Lawal     Riskat Opakunle     Kpotum Mohammed Baba     Eruku     Sulaiman Gado     Face Masks     Mamman Saba Jibril     General Hospital, Offa     Olokoba     Toyin Falola     Quranic Recitation Competition     Owo Arugbo     Ijagbo     Kwara State Fish Farmers Association     Moronfoye