Several transporters and traders yesterday rejected the old N500 and N1,000 bank notes despite the direction from the CBN that the old notes remain legal currency till December 31 in compliance with the verdict of the Supreme Court.
In Kaduna, many traders were still wary of collecting the old notes. Most of them stated they were examining the issue to see if the policy will be overturned.
“I cannot collect it until Buhari (President) tells us to start collecting it,” a yam seller, Muhammad Isah, said.
However, it was learnt that market leaders in Lagos have started sensitizing their members to collect the old notes in line with the directives of the CBN. Leaders from major markets were at Alausa yesterday.
“I have informed my people, and I will repeat the same tomorrow. We have told them to accept the old notes from customers,” the Iyaloja of Asejere Market, Makoko, Alhaja Kasarat Adebayo, said.