Naira Redesign: Traders, Businesses Rejecting Old Notes . . . Banks run out of cash for ATMs
Comrade Wabba who made the congress position known in Abuja while speaking with journalists, stressed that even though the policy maybe targeted at the rich, but Nigerian workers and the poor masses are more likely to suffer the consequences of the new rule.
“You are pushing people to the walls and very soon, people will react. If you go to the rural areas, and see the chaotic nature of how people coming with theirs monies to change is becoming a problem. No policy should be made to hunt people like what is happening now LEADERSHIP correspondents, who combed some major parts of Lagos State and the outskirts of Ogun State noticed some traders and businesses who render services rejecting old notes as payment for their services, while others informed their customers they will stop accepting old currency by Saturday, despite low circulation of new notes.
However, at Supermarket and malls, customers were paying in old notes and cashiers were still giving change in old notes unless where they have new ones. LEADERSHIP had earlier reported that traders in Lagos had said they will begin rejecting the old N200, N500 and N1,000 notes by this weekend ahead of the January 31, 2023 deadline set by the Central Bank of Nigeria even as the apex bank said it will intensify efforts to push out the N200 notes.
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