Many business operators in the Federal Capital Territory (FCT), especially filling stations, have started rejecting the old naira notes in spite of the Supreme Court order temporarily halting the ban on their use.
Abuja: Filling stations, other businesses shun Supreme Court ruling, reject old notes
A commercial driver was heard announcing to passengers to board with new naira notes,
NEWS AGENCY OF NIGERIA • FEBRUARY 12, 2023
AA Rano station
Many business operators in the Federal Capital Territory (FCT), especially filling stations, have started rejecting the old naira notes in spite of the Supreme Court order temporarily halting the ban on their use.
If You Have Joint Pain, Read This Before It Gets Deleted!
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Following the redesigning of N200, N500 and N1000 notes by the Central Bank of Nigeria(CBN), January 31 was announced as the deadline for use of the old notes.
The deadline was, however, met with outrage from Nigerians, forcing the apex bank to extend the deadline to February 10 after which the notes would cease to be legal tender.
Meanwhile, governors of Kaduna, Kogi and Zamfara approached the Supreme Court on February 3, requesting that the extension should be beyond February 10 as announced by the CBN.
A seven-member panel of the apex court, led by John Okoro then gave an order suspending the February 10 deadline till February 15, when the suit would be determined.
Journalistic checks around the FCT on Sunday to monitor use of the old notes discovered they were being rejected in public places like fuel stations, market places and parks.
Ndubuisi Ugwu, a commercial driver, seen announcing to passengers to board with new naira notes, said he started rejecting the old notes because fuel stations had begun rejecting them.
He said, “I went to fuel my car at the station with the old notes and it was rejected.
“That is why I am insisting on passengers boarding with new notes.”
On the Supreme Court Order, Mr Ugwu said he was aware of it but insisted that since people had started rejecting the money he had no choice.
Amina Shuaibu, a grocer at Karu Market, said she stopped collecting old notes on February 11, following the February 10 deadline given by the CBN.
According to her, she heard that the old notes have ceased to be legal tender.
“Although, I heard that the court gave the order that we should continue using the old notes but people are rejecting it in the market, that is why I am also rejecting it.
“I also heard that banks have equally stopped accepting the old notes but I do not know how true that is.
“There is so much confusion about the whole thing, so the best thing to do is not to collect it at all.”
Philip Ogedengbe, a concerned Nigerian, who was seen educating traders in the market, said almost everybody in the market was rejecting the old notes.
He said he could not purchase any item on his list because he went to the market with old notes.
Mr Ogedengbe, who said he was frustrated, added that the new notes were not easy to come by.
He also said attempts to make transfers failed, adding that each attempt showed “issuer inoperative.”
Vivian Anibe, a student, said she had used the last old N1,000 note on her to buy things she did not need.
Ms Anibe said she went to buy bread but could not because the bread seller was not collecting old notes.
“This whole situation is so worrisome.
“I came out to buy bread but could not because many people are no longer collecting the old notes.
“On my way home, I decided to try one more place and they were still collecting old notes, unfortunately they did not have bread.
“I had to buy what I did not budget for but I am happy I have spent the money,” she said.
(NAN)
