Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the td-cloud-library domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/fellayyj/royanews/wp-includes/functions.php on line 6121
Nigerians shun Supreme Court order, reject old Naira notes | Royal News

Nigerians shun Supreme Court order, reject old Naira notes


Many business operators in the Federal Capital Territory (FCT), have started rejecting the old Naira notes in spite of Supreme Court order temporarily halting the ban on their use.

Following the redesigning of N200, N500 and N1000 notes by the Central Bank of Nigeria(CBN), Jan. 31 was announced as deadline for use of the old notes.

The Jan. 31 deadline was, however, met with outrage from Nigerians, forcing the apex bank to extend the deadline to Feb. 10 after which the notes would seize to be legal tender.

Meanwhile, governors of Kaduna, Kogi and Zamfara approached the Supreme Court on Feb. 3, requesting that the extention should be beyond Feb. 10 as announced by the CBN.

Following the suit, a seven-member panel of the apex court, led by John Okoro gave the order suspending the Feb. 10 deadline till Feb. 15, when the suit would be determined.

NAN Correspondent, who went round some parts of the FCT on Sunday to monitor use of the old notes, discovered they were being rejected in public places like fuelling stations, market places and parks.

Mr Ndubuisi Ugwu, a commercial driver, seen announcing to passengers to board with new Naira notes, said he started rejecting the old notes because fuelling stations had began rejecting them.

He said, “I went to fuel my car at the station with the old notes and it was rejected.

“That is why I am insisting on passengers boarding with new notes.”

On the Supreme Court Order, Ugwu said he was aware of it but insisted that since people had started rejecting the money he had no choice.

Mrs Amina Shuaibu, a tomatoes seller at Karu Market, said she stopped collecting old notes since Feb. 11, following the Feb. 10 deadline given by the CBN.

According to her, she heard that the old notes have seized to be legal tender.

“Although, I heard that the court gave order that we should continue using the old notes but people are rejecting it in the market, that is why I am also rejecting it.

“I also heard that banks have equally stopped accepting the old notes but I do not know how true that is.

“There is so much confusion about the whole thing, so the best thing to do is not to collect it at all.”

Mr Philip Ogedengbe, a concerned Nigerian, who was seen educating traders in the market, said almost everybody in the market was rejecting the old notes.

He said he could not purchase any item on his list because he went to the market with old notes.

Ogedengbe, who said he was frustrated, added that the new notes were not easy to come by.

He also said attempts to make transfer failed, adding that each attempt showed, “issuer inoperative”.

Vivian Anibe, a student, said she had used the last old N1,000 note on her to buy things she did not need.

Anibe said she went to buy bread but could not because the bread seller was not collecting old notes.

“This whole situation is so worriesome.

“I came out to buy bread but could not because many people are no longer collecting the old notes.

“On my way home, I decided to try one more place and they were still collecting old notes unfortunately they did not have bread.

“I had to buy what I did not budget for but I am happy I have spent the money,” she said.

Facebook Comments Box
Copyright 2025 ROYAL NEWS. All rights reserved. Digital material on this website, may not be published, reproduced, broadcast, rewritten or redistributed in whole or in part without prior express written permission from ROYAL NEWS.
 

For Adverts and News/Event Coverage, contact 08061346946, 07030849251. Or email info@royalnews.com.ng

Download ROYAL NEWS app

Html code here! Replace this with any non empty raw html code and that's it.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe

Popular News

Latest News

More like this
Related

Breaking…. Tinubu greets His Royal Highness, Alhaji Ibrahim Sulu-Gambari at 85

President Bola Ahmed Tinubu felicitates the Emir of...

Alhaji Sulu-Gambari: The People’s Emir @ 85

By Abubakar Imam It is no longer news that His...

Again, SERAP drags Tinubu govt to court over…..

Socio-Economic Rights and Accountability Project (SERAP) has filed a...

Gov AbdulRazaq congratulates Emir of Ilorin at 85

Kwara State Governor AbdulRahman AbdulRazaq extends hearty congratulations to...

Chief of Army Staff Gives Military 1month Ultimatum To End Banditry in Kwara, Niger

AUTHORITY of the Nigerian Army has been given a...

Emir Sulu-Gambari at 85: “What I requested from Allah immediately I sat on the throne as Emir of Ilorin”

On Tuesday (tomorrow) April 22nd 2025, the erstwhile Presiding...

Delta Gov. Mourns Aide, Chief Shimite Love

Delta Governor, Rt. Hon. Sheriff Oborevwori, has expressed deep...

Bayero Varsity Don, Prof. El-Gambari eulogizes Emir of Ilorin at 85

A Professor at the Bayero University Kano, Muhammad Aminnullahi...

BREAKING…Gov AbdulRazaq swears in Special Advisers, Auditor General, Perm Secs

Kwara State Governor AbdulRahman AbdulRazaq on Tuesday inaugurated two...

Varsity Chancellor, Abubakar Toyin applauds Emir of Ilorin at 85

A social entrepreneur and founder of Abdulrazaq Abubakar Toyin...

Late CAN chairman’s children get Adamawa govt’s scholarship

Governor Ahmadu Fintiri of Adamawa State has awarded scholarship...

Edo suspends 3 council administrators over dereliction of duty

Gov. Godwin Obaseki of Edo has suspended three Heads of Local Government Administration...

Nigerian students to access loans as NASS passes Bill

Nigerian students in institutions of higher learning would gain...

2023: APC reacts to zoning presidency to Southern Nigeria

The All Progressives Congress, APC, has denied endorsing any...

Buhari’s wife finally breaks silence, arrives Nigeria

Nigeria's First Lady, Aisha Buhari, on Sunday attributed her...

Fuel subsidy: CSOs accuse NLC of betrayal, wants FG to stop negotiation

A Coalition of Civil Society Organisations, CSOs, has accused...

141 correctional service officers get promotion in Kwara

No fewer than 141 officers of the Nigeria Correctional...

Court sacks Bwacha as Taraba APC governorship candidate

The Federal High Court, Abuja has nullified the All...

Top Nigerian official dies, buried in S’Arabia

The Federal Commissioner of the National Population Commission (NPC),...

UNILORIN don, Kamaldeen Omopupa emerges as new Librarian

An Associate Professor and former Ag. Head of the...
Join Us On WhatsApp