CBN directive: Traders still skeptical on collection
Finance News

CBN directive: Traders still skeptical on collection

Some traders in various markets of the FCT are still skeptical about collecting the old Naira notes in spite of Central Bank Nigeria’s (CBN) directive.

Some traders at Karu, Nyanya, and Mararaba Markets said they would not accept the notes for any transaction until further notice.Information Guide Nigeria

A tomatoes dealer at Nyanya Market said she was yet to collect or accept the old notes from her customers.

She said, “I am scared of collecting the old notes, because I feel it will be rejected by the people I buy my goods from.

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“Yes, I heard that the CBN has directed that we should start to spend and accept the old notes but what about the people in the villages?NYSC Portal

“Have they also heard about it? I doubt it.

“I am waiting for other traders in the market to start collecting or accepting the old notes before I will collect from my customers,” she said.

Another trader at the Mararaba Market, Mr Alphonsus Iguru said,

“I have some of the old notes before but nobody agreed to collect them from me.

“We do not know what the CBN will say again tomorrow, so so, I don’t want to collect from people now and tomorrow, it will be another story,’’ he said.

According to NEWS DAIRY, a trader at Nyanya Market, Mrs Philomena Joseph said that she was not aware of the directives.

She said, “I am hearing this for the first time today because before you came, my husband called me and said he was given N3,000 of the old notes in his bank today.JAMB Result

“I even pleaded with him not to collect because he will not spend it.’’

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Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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