Old naira notes: Traders, transporters, fuel stations defy Supreme Court in Kwara

Date: 2023-03-08

Despite the ruling by the Supreme Court, traders, transporters and fuel stations in Kwara State are still rejecting the old N500 and N1000 notes as legal tender.

While some fuel stations accepted bank transfers, others insisted on direct cash payments for the purchase of fuel.

Complaints by fuel stations range from poor network service to delays in confirming payments by the stations.

Findings by DAILY POST further revealed that only a few commercial banks in Ilorin, the state capital, dispensed either the new naira or old N200 notes to the public.

Sources at the First Bank informed our correspondent that the bank has shut down temporarily following an alleged hacking of its website, hence the inability to attend to customers.

However, customers at the UBA in Ilorin went home with N3,000 cash withdrawals across the counter.

In what appeared to be a positive impact of the cashless policy of the federal government, petty traders have started to imbibe the policy by having bank accounts through which customers could pay when purchases are made.

However, the only problem confronting the traders presently is how to withdraw the cash needed to buy more products.

A meat vendor who spoke to DAILY POST correspondent expressed worry that she has no choice but to collect cash because Fulani cattle dealers don't believe in bank transfer but in cash.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

BECE     Abikan     Omotoso Musa     Abdulfatai Ahmed     Magaji Erubu     Jeunkunu-Malete-Bani     Henry Olaosebikan     Suleiman Idris     School Of Nursing     Folashade Omoniyi     Salman Alada     Olatomiwa Williams     Kamaldeen Kehinde     IHS Towers     Lawal Arinola Kudirat     Neo Mundo Ltd     Alabi Olayemi Abdulrazak     Kwara State Fire Service     Ajidagba     Baakini     Abdulmajeed Wahab     SDP     SSA Youth     Adewuyi Funmilayo     Lola Ashiru     Garuba Alikinla Shittu     Oladipo Akanmu Tolani     Maimunat Oloriegbe     Chief Imam Of Offa     Baba Issa Awoye     Titus Suberu-Ajibola     Ubandawaki     Bilikisu Gambari     Oba Sulaiman Asude     Tosho Yaqub     Owu Fall     Yakubu Shaaba     Majlis For Sadakah, Zakat And Waqf     Isiaka Saka Opobiyi     Abubakar Bature Sulu-Gambari     Sobi Specialist Hospital     Tafida Of Kaiama     PharmAccess Foundation     CT Ayeni     Pakata     Mufutau Olatinwo     Emir Of Shonga     UNILORIN Alumni Association     Al-Hikmah University     Olokoba     Alfa Belgore     IESA     Baba Idris     Towobola Abdulrahman Toyin     Tsaragi/Share     Joana Nnazua Kolo     Oke-Oyi     Alanamu     Bilikisu Oniyangi     Tinubu Legacy Forum     Ojuekun Sarumi     Olaiya Zuberu     Ishaq Abdulkarim     Abubakar Imam     Abdulrazaq Akorede     Mustapha Akanbi     Ajeigbe     Javed Khan     Yashikira     Shettima Of Ilorin     Alimi Abdulrazaq     Code Of Conduct     Kunbi Titiloye     Sherif Sagaya     Chief Imam Of Lafiagi     Tunde Idiagbon Road     Ilorin General Hospital    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Hijaab     Saliu Alamoyo     Shuaibu Yaman Abdullahi     Afonja     Sun Qing Rong     Haleeman Salman     Musa Alhassan Buge     Sobi     Simon Sayomi     Folashade Omoniyi     Ronke Adeyemi     Budo-Egba     Hajj     Abubakar Usman Jos     Alaiye     Malete     M.Y. Abdulrahaman     Post-utme     Ilorin.Info     Issa Oloruntogun     Yusuf Abubakar     Lukman Adeloyin     Khairat Gwadabe     Nnazua     Mary Arinde     TIIDELab     Orisa Bridge     Isiaka Gold     Yusuf Mubarak     Saduki Lafiagi     Earlyon Technologies     SSA Youth Engagement     Sunday Popo-Ola     Borgu     Binta Abubakar Mora     Kwara State Football Association     Popo-Igbonna     Ileloke     Jamiu Oyawoye     KW-GIS     International Public Sector Accounting Standards     Adesoye College     Lanre Olosunde     Muritala Awodun     Unilorin FM     Ganmo Electricity Sub-Station     Unicontinental Construction Company     Haashim Initiative For Community Advancement     Elerin Of Adanla Irese     Madawaki Of Ilorin     Okeose Christian Cementary     Ophthalmological Society Of Nigeria     Kehinde Boyede     Vasolar     Abdulkadir Akanbi-Oke     Mohammed Saidu     Ahman Pategi     Ajasse-Ipo     Tsaragi-Share     Ajibola Ademola Julius     Adolescent Girls Initiative For Learning And Empowerment     Umaru Saro     Saeedat Aliyu     NIPR     Pakata     Esuwoye     A.G.F Abdulrasaq     Abdulrazaq Sanni     Folorunsho Erubu     Muhammad Fawaz Abubakar     Millennium Development Goals     Sa\'ad Alanamu     Aliyu Sabi     Gbugbu International Market     Olusegun Adeniyi     Dan-Kazeem     Otuka