Old naira notes: Traders, transporters, fuel stations defy Supreme Court in Kwara

Date: 2023-03-08

Despite the ruling by the Supreme Court, traders, transporters and fuel stations in Kwara State are still rejecting the old N500 and N1000 notes as legal tender.

While some fuel stations accepted bank transfers, others insisted on direct cash payments for the purchase of fuel.

Complaints by fuel stations range from poor network service to delays in confirming payments by the stations.

Findings by DAILY POST further revealed that only a few commercial banks in Ilorin, the state capital, dispensed either the new naira or old N200 notes to the public.

Sources at the First Bank informed our correspondent that the bank has shut down temporarily following an alleged hacking of its website, hence the inability to attend to customers.

However, customers at the UBA in Ilorin went home with N3,000 cash withdrawals across the counter.

In what appeared to be a positive impact of the cashless policy of the federal government, petty traders have started to imbibe the policy by having bank accounts through which customers could pay when purchases are made.

However, the only problem confronting the traders presently is how to withdraw the cash needed to buy more products.

A meat vendor who spoke to DAILY POST correspondent expressed worry that she has no choice but to collect cash because Fulani cattle dealers don't believe in bank transfer but in cash.

Source

 

Cloud Tag: What's trending

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

Ibraheem Abdullateef     CCEPE     Alabi Olayemi Abdulrazak     Erin-ile     Basit Olatunji     Taofeeq Olateju     Ahmed Ayinla Jimoh     Isiaka Danmeromu     Lanre Olosunde     Shehu Alimi Foundation     Split Diamond Interchange     Aliyu Kora-Sabi     Moses Afolayan     Kwara NIPR     Mohammed Ghali Alaaya     UNILORIN Alumni     PharmAccess Foundation     Sherif Sagaya     Teachers Specific Allowance     Saheed Popoola     Kwarareports.com     Volunteers Of Ilorin Community And The Emirate     Adama Isa     Towobola Abdulrahman Toyin     Joshua Adeyemi Adimula     Femi Agbaje     Adam Abdullahi Al-Ilory     Khadijat Ayoola Yusuf     11th Galadima     Hassan Taiye Salam     Arca Santa     Oluwatoyin Lukman     Sulyman Atolagbe Alege     Fatai Garuba Labaka     National Pilot     Bolakale Kawu     Saadatu Modibbo-Kawu     Fatima Abolore Jimoh     GANZY     Abdullahi Saadudeen Alikinla     Kale Bayero     Yahaya Abdulkareem     Folajimi Aleshinloye     Iyaloja-General     Shaykh Luqman Jimoh     Ezekiel Yissa Benjamin     Gbenga Olawepo     AbdulGaniyu Kareem     Tunji Oyawoye     Isiaka Oniwa     Sola Saraki Educational Foundation     Saad Belgore     Moji Makanjuola     Offa     Edu     Saka Keji     Yahaya Dumoye     Summit University     Abdulfatah Ahmed     Mohammed Khadijat Kubura     Adanla-Irese     Iyabo Dupe Adekeye     Ojuekun Sarumi     Akande Idowu Ayoola Muhammed     Ayinde Oyepitan     Hydro-electric Power Producing Areas Development Commission     Maryam Nurudeen     Yahaya Seriki     Muslimah Entrepreneurship Forum     Lafia Aliyu Korasabi     Curfew     New Naira Notes     Pius Abioje     Benin Republic     Abdul-Rasheed Na\'Allah     Musa Yeketi     Monthly Sanitation Exercise    

Cloud Tag: What's trending

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

Oba Abdulrahim     Kwara State Sports Commission     S.O. Opowoye     Tricycle Owners Association Of Nigeria     Abdulrahman Abdulrasaq     Aliyu Muyideen     Sun Qing Rong     Abdulmumin Yinka Ajia     Olaiya Victor Mobolaji     Mahfouz Adedimeji     General Tunde Idiagbon International Airport Ilorin     Clara Nwachukwu     Abdulhakeem Adelaja Amao     Olabanji Orilonishe     Isiaka Gold     Offa Descendants Union     RTEAN     Hydroelectric Power Producing Areas Development Commission     Abegunde Goke     Abdulrasheed Akogun     JSSCE     Isaac Aderemi Kolawole     Halimah Perogi     Gurei     Rapheal Ashaolu     Shehu Alimi Foundation     Madawaki Of Ilorin     Obasanjo     Abdulkadir Jimoh     Kwara State Pension Board     Dele Momodu     Owu Fall     Atunwa     Tosho Yaqub     Bamikole Omishore     Coronavirus     Idris Amosa Saidu     Yomi Adeboye     Share     Tunji Ajanaku     Illyasu Abdullahi     Mohammed Halidu     Sanitation Exercise     Ibrahim Bio     The Herald     Oluwole Dupe     Ghali Alaaya     Prince Bola Ajibola     NaAllah     AbdulRahman Saad     Abdulrazaq Sanni     Abdulkadir Bolakale Sakariyah     Yunus Lawal     20 Billion Bond     Olokoba Abdullahi Ayinla     Amos Justus Sayo     NIRSAL     Sa\'adu Gambari     Adebayo Salami     Chief Imam Of Ilorin     Alapansapa     Oluwarotimi Boluwatife Adenike     Isiaka Saka Opobiyi     Kunle Suleiman     Ado Ibrahim     Congress For National Consensus     Kpotum Mohammed Baba     Abubakar Abdullahi Bata     Rabiu Kwankwaso     College Of Arabic And Islamic Legal Studies     Abubakar Atiku     Ahmad Olanrewaju Belgore     Abdulbaqi Jimoh     National Democratic Congress     Garba Dogo     Logun     Olosi Of Osi