Barely a week to the expiration of the use of old naira notes in the country, traders in Kwara State have refused to accept the old currency notes.
According to findings, it revealed that old notes are still being dispensed by some banks automatic teller machines (ATMs) in the State.
This is antithetical to the Central Bank of Nigeria (CBN)‘s directive to commercial banks on the need to dispense the new notes through their ATMs.
A pepper soup seller, who simply gave her name as Wunmi, said from Thursday January 26th, she would not accept cash of old naira notes from her customers.
She added: “From Thursday any customer that does not have new currency can do electronic payment.”
Investigation revealed that at the Abubakar Olusola Saraki Abattoir, Akerebiata, Ilorin, on Tuesday some meat sellers were turned back because they did not have the new naira notes.
A retail meat seller, Yetunde, said she went to the abattoir on Tuesday but could not purchase meat because of her inability to present new notes.
“I was at the abattoir on the fateful day but I did not get meat to buy. My customer did not have cows to slaughter as sellers in far north refused to accept old naira notes. Only butchers that have cows in stock are the ones selling meat to us. I have not been able to supply meat to my customers since Tuesday this week,” Yetunde added.
Same thing goes for Dupe Imam, a fish seller.
She narrated the ordeal of her colleagues in the hands of suppliers at Gbugbu Market, Edu local government area.
“Today (Wednesday) is the Gbugbu Market day. Unfortunately, many of us did not go as the sellers would not accept old naira notes.
“Many of our customers who are predominantly Nupe do not have bank accounts so without new notes they would not sell their fish to you,” she said.