By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SpeedUp9ja
  • Home
  • Music
  • Video
  • News
  • Health
  • World
  • Nigeria
  • Politics
  • Entertainment
Reading: Food vendors, motorcyclists, others reject old notes in Oyo
Share
Sign In
Notification Show More
Latest News
McKennie expected to make his Leeds debut against Nottingham Forest
Sports
Foden is set to return for Man City, John stone will be out for 1 month
Sports
Police begin arrest of Nigerians selling, spraying naira
News
Hold me responsible if I fail promises, Obi says
Hold me responsible if I fail promises, Obi says
Politics
I will retain Osun gov seat, Adeleke boasts
I will retain Osun gov seat, Adeleke boasts 
Politics
SpeedUp9ja
  • Music
  • Nigeria
  • Entertainment
  • Contact Us
  • Hip-Hop
  • Politics
Search
  • Categories
  • Entertainment
  • Music
  • News
  • Video
  • Bussiness
  • Africa
  • Politics
  • Nigeria
  • World
  • Health
  • Insider
Have an existing account? Sign In
Follow US
Copyright © 2022 SpeedUp9ja. All right reserved
-Advertisement-

Food vendors, motorcyclists, others reject old notes in Oyo

Panic has gripped some residents of Oyo State over their inability to use the old naira notes to buy some essential goods

Last updated: February 1, 2023 at 5:36 AM
By SU9 staff 1 week ago Add a Comment
Share
Food vendors, motorcyclists, others reject old notes in Oyo
SHARE

Panic has gripped some residents of Oyo State over their inability to use the old naira notes to buy some essential goods, according to reports.

Our correspondent learnt that some business owners, food vendors and commercial motorcyclists in some parts of Oyo state have rejected the old naira notes.

More Read

Police begin arrest of Nigerians selling, spraying naira
Hold me responsible if I fail promises, Obi says
I will retain Osun gov seat, Adeleke boasts 

The rejection of the old notes is coming amidst the scarcity of the newly redesigned naira notes.

The Central Bank of Nigeria, CBN, had, a few weeks ago, introduced the newly redesigned N200, N500 and N1000 denominations across the country, giving January 31, 2023, as the deadline for the exchange of old notes.

The apex bank had also directed commercial banks to fill their Automated Teller Machines (ATMs) with the newly redesigned naira notes.

Some people who provide essential services have been rejecting the old naira notes, DailyPost Reports.

It was gathered that the majority of the banks in major towns and cities such as Ibadan, Oyo, Ogbomoso, Iseyin and Saki are not giving new notes to their customers nor do their ATMs dispense new notes.

Though there is no report of rejection of the old notes in Ibadan, the state capital, our correspondent has confirmed that food vendors, commercial motorcyclists and some shop owners have been rejecting the old naira notes in Iseyin, Oyo, Ogbomoso and Saki towns since Monday.

Residents of the areas who spoke with DAILY POST on Wednesday lamented that some people who provide essential services in their areas have been rejecting the old notes since Monday.

They said that the worse aspect was that they were not getting the new notes from the banking halls and ATMs.

A native of Iseyin, Mr. Rufus Adeoti, said that people in his area have been rejecting the old naira notes even though he has not seen the new notes.

“They have been rejecting the old notes, and I am yet to collect the new notes,” he said.

A resident of the Surulere community in Iseyin said that a trader in her area rejected the old naira notes from her sister.

“Yes. A trader in my area even rejected old money from my sisters yesternight in Iseyin,” she said.

Another resident, Mr. Saheed Salam, said that some people who provide essential services are now asking customers to make transfers instead of paying in cash.

He added that market women in Iseyin have joined the league of people rejecting old naira notes.

He said, “Yes. People are nervous here. They only welcome transfers. The new notes are not given by banks, and POS agents are also not helping matters.

“Funnily enough, bride price might be rejected with the old notes, even in Saki. Even market women are rejecting it”.

It was gathered that what is happening in Iseyin and Saki in the Oke Ogun zone is not different from what is happening in Ogbomoso, the second largest city in the state.

A native of Ogbomoso, who did not want his name in print, said that commercial motorcyclists in some parts of Ogbomoso, such as Takie and Ojagbo, have been rejecting the old notes since Monday.

He said, “Yes. Mostly commercial motorcyclists. Areas such as Takie bus stop and Ojagbo Ogbomoso”.

A resident of Oyo, Mr. Lasisi Adewale, said that food vendors in Oyo town had copied their counterparts in Iseyin and Ogbomoso.

“Yesterday, I wanted to buy food but they asked for the new notes and I do not have it. I have not even collect it,” he said.

You Might Also Like

Police begin arrest of Nigerians selling, spraying naira

Hold me responsible if I fail promises, Obi says

I will retain Osun gov seat, Adeleke boasts 

IG orders arrest, prosecution of naira notes racketeers

Naira scarcity: Buhari request 7 days to make decisions

TAGGED: Naira, Oyo State

Sign Up For Daily Updates

Stay Updated! Get the latest breaking News & New Music delivered straight to your inbox for free.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
SU9 staff January 25, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp Reddit Email Copy Link
Previous Article Malawi cholera death toll hits 1,000, outbreak spreads Malawi cholera death toll hits 1,000, outbreak spreads 
Next Article Pope Francis speaks during an interview with The Associated Press at the Vatican, Tuesday, Jan. 24, 2023. Francis acknowledged that Catholic bishops in some parts of the world support laws that criminalize homosexuality or discriminate against the LGBTQ community, and he himself referred to homosexuality in terms of "sin." But he attributed attitudes to culture backgrounds, and said bishops in particular need to undergo a process of change to recognize the dignity of everyone. Pope Francis: Homosexuality not a crime
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Recent

McKennie expected to make his Leeds debut against Nottingham Forest
Sports
Foden is set to return for Man City, John stone will be out for 1 month
Sports
Police begin arrest of Nigerians selling, spraying naira
News
Hold me responsible if I fail promises, Obi says
Hold me responsible if I fail promises, Obi says
Politics

Follow Our Social medias

230k Followers Like
4.7k Followers Follow
28.3k Subscribers Subscribe

Recommended for you

Police begin arrest of Nigerians selling, spraying naira

Hold me responsible if I fail promises, Obi says

Hold me responsible if I fail promises, Obi says

I will retain Osun gov seat, Adeleke boasts

I will retain Osun gov seat, Adeleke boasts 

Usman Baba

IG orders arrest, prosecution of naira notes racketeers

- Advertisement -

Trending Today 🔥

Twitter leak exposes 235 million email addresses from hack

PDP declares work-free day for Atiku’s Anambra visit

Inspector General of Police, Usman Baba

Nigeria Police launches official website for stolen cars report

Shoppers are pictured at a supermarket in Urumqi, in China's northwestern Xinjiang region, following the easing of Covid-19 restrictions in the city, Dec. 5, 2022.

China loosens COVID restrictions after protests rock the country

Boeing's last 747 rolled off the assembly line.

End of an era as final Boeing 747 rolls off assembly line

D’banj Name govt officials involved, Tweeps tell ICPC

2023 election: Bishop Oyedepo reveals what Nigeria needs as Peter Obi storms Shiloh

Blaq Jerzee ft. Gyakie – Right Here

INEC raises concern over thousands of unclaimed PVCs in Anambra

Singer D’banj arrested, detained over alleged embezzlement of public fund

- Advertisement -
SpeedUp9ja

We influence 20 million users and we are number one News, Music, Entertainment and Political news website in Nigeria. best Music Trends, New music videos, Celebrity Gists and international news headlines

Categories

  • Entertainment
  • Bussiness

Quick Links

  • Advertise with us
  • Privacy Policy

Copyright © 2022 SpeedUp9ja. All right reserved

speedup9ja logo speedup9ja logo
Welcome Back!

Sign in to your account

Register Lost your password?