Rejection of old naira notes : Confusion as residents urge Akeredolu to compel banks

Many residents of Akure , the Ondo state capital are still rejecting old 500 and 1000 notes despite the appeal made by the state Governor, Rotimi Akeredolu to traders, artisans, fuel stations among others.


Governor Akeredolu had on Thursday in a statewide broadcast, decried the rejection of old naira notes by a large section of traders and business owners in the state.


The Governor said the rejection of the old one thousand naira, five hundred naira and two-hundred-naira notes is a flagrant disobedience to the law.


He explained that rejecting the old naira notes will inflict and sustain a needless pain on the people and customers.


However, many  residents of the state are not collecting the old notes as a means of transacting businesses.


Many of them complained that the banks are not collecting the old naira notes from them.


A resident, Esther Akinniyi said, “It is not funny that banks are paying with these notes and they refused to collect them back from us.


“In most markets, the story is not different, the traders are not collecting the money from us.


“I wanted to buy food stuff with the old notes at Oja oba, sadly, they didn’t collect it from me.’


Esther’s story was not different from that of  Deborah Oyeneyin who  said the filling stations have refused to collect the money from the people.


She urged Governor Akeredolu to enforce the collection of the old notes,”


“I want our amiable Governor to act fast to make it compulsory for banks to collect the old notes from the people.