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Traders, others reject old Naira notes in Gombe | The Guardian Nigeria News – Nigeria & World News


Traders, point-on-sale (POS) operators, and commercial motorcycle and tricycle operators are beginning to reject Gombe’s old N200, N500, and N1000 notes.

Commercial two- and three-wheeler drivers in the state capital are demanding transfers from passengers rather than accepting old banknotes.

Apart from these, many filing stations are also closed for fear of trading in the above currencies.

All this despite the Central Bank of Nigeria’s directive against such a move.

The Guardian newspaper found that many traders, especially retail traders, constantly demand the display of new naira notes and initiate discussions with those who would turn their backs on subsequent negotiations and neglect their attention.

According to those interviewed, long queues formed at banks when depositing old banknotes, so they started demanding the redesigned currency.

Malam Yunus Isa told correspondents: Fool”? he asked.

Commercial motorcyclist Adamu Babangida, who was ready to fight his fellow passengers over an old N200 naira note, Mr. Muhammed Kumo transfers money to his (Adamu) bank account.

He said: “If this man doesn’t get the new money, let him transfer it to my account.” But Adam’s obedience saved the situation.

Also, some of the many filing stations we visited confided to our correspondent that they could no longer continue to accept old notes from customers.

However, the situation has resulted in long and unbearable queues at some stations accepting old banknotes.

Many customers were seen making serious deposits at Gombe’s monitored banks, but those who came to withdraw also left the bank halls with old banknotes.

A staff member, who requested anonymity, claimed that the redesigned naira notes are not in circulation.





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