Banks, filling stations, petty traders and commercial bus drivers in
Awka have started accepting the old one thousand and five hundred
naira notes from the public in compliance with the Supreme Court
ruling that the old naira notes remain a legal tender until the
thirty-first, December 2023.
few days ago, the Central Bank directed commercial banks to start
giving out the old naira notes to their customers and accept deposits
of such currencies in compliance with the supreme court order.
A visit to First Bank and Access Bank along Enugu-Onitsha expressway
showed many of their customers under canopies and in queues waiting to
withdraw the old naira notes from their accounts and make deposits of
the old naira notes.
Commenting on the development after withdrawing the old five hundred
naira notes from his bank account, Mr. Stephen Obiora expressed
gratitude to the Supreme Court for delivering Nigerians from the
hardship they were subjected to in last one month as a result of ban
on the use of the old one thousand and five hundred naira notes by the
Central Bank.
He lamented that he faced difficulties as he had no access to cash to
discharge his daily activities and urged the Central Bank to ensure
that the old notes are in circulation to ease the sufferings of the
people.
Checks on filling stations, keke ridders and petty traders in Awka
also showed that they have started accepting the old notes from
commuters who were seen paying for their transportation cost with the
old notes.
In his reaction, a commercial bus driver, Mr. Chidiebere Omeje said
that he started collecting the old one thousand and five hundred naira
notes from his passengers after filling stations begun to accept it
from him.
He noted that the development has brought relief to him as his
business has suffered because of the Central Bank monetary policy.
On her part, a petty trader, Mrs. Ebere Okafor said she has been
recording business boom since last Tuesday she started collecting the
old currencies, even though her business suffered setbacks when there
was ban on the use of the old notes as she had no access to cash.
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