[ODUNEWS] January 25 – Traders, POS operators, and commercial motorbike and tricycle operators in Gombe State have begun to refuse the old N200, N500, and N1000 currency notes.
Instead of accepting the previous notes, commercial motorbike and tricycle operators in the state capital now require transfer from passengers.
Aside from this, several filing stations have closed due to the risk of trading with the aforementioned currencies.
All of this is despite the Central Bank of Nigeria’s warnings against such a move.
Many vendors, particularly minor dealers, constantly require the presentation of new Naira notes before engaging in any dialogue with anyone vying for their attention, failing which they refuse to engage in further discussions.
According to individuals interviewed, people began seeking the new currency as a result of the long lines at banks while depositing the old notes.
Mallam Yunus Isa informed our correspondent, “I can no longer take the chance, imagine, the CBN declared Monday is the last day, that there will be no extension, yet commercial banks refuse to load new dollars in their ATMs, who is a fool”? He enquired.
Adamu Babangida, a commercial biker who was ready to battle his passenger over the old N200 naira note, asked Mr. Muhammed Kumo to make a deposit into his (Adamu’s) bank account.
“If this individual doesn’t get additional money, let him transfer it to my account,” he suggested. However, Adamu’s cooperation rescued the situation.
