Rivers: Banks, Filling Stations, Traders Reject Old Naira Notes

Rivers State

Despite the ruling of the Supreme Court halting the February 10 deadline for the new currency swap, some businesses in Port Harcourt are no longer accepting the old notes.

Our correspondent who visited some markets yesterday, said traders were seen at the mile 3 market rejecting the old naira notes alleging that banks were no longer collecting them.

Some of them also rejected cash transfer stating that they do not have bank accounts.

A trader who spoke to us, said she went to buy goods yesterday but, her customers rejected the old naira notes she went with, insisting that she paid with the new notes or with lower denominations.

The woman said when she could not, she was given the goods on credit to pay later with the new notes.

Another trader said he went to Access Bank along Ikwerre road to deposit the old notes but, they rejected it and advised him to come back later.

Also, a motorist said he went to a filling station at Ada George to buy fuel but, the pump attendants rejected the old naira notes. 

Recall that the governments of Kaduna, Kogi and Zamfara states on February 8 secured the order of the apex court extending the deadline beyond last Friday stipulated by the CBN for the use of the old notes.

The apex court ruled that the deadline be suspended till Wednesday when the proceedings would continue even as other states had applied to join the suit.

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