Residents Storm Ondo CBN Branch Amidst Old Notes Rejection

Residents Storm Ondo CBN Branch Amidst Old Notes Rejection

Against the Supreme Court judgment, commercial banks in Akure, the Ondo state capital, have begun rejecting old notes of N200, N500 and N1,000 denominations. However, many customers who went to the banks to deposit were disappointed when the bank officials refused to collect the old notes.

At the Jaiz Bank, an official advised customers to take the old notes to the Central Bank of Nigeria (CBN). An official of an old-generation bank who spoke anonymously said they were acting on instruction from the CBN.

Other banks visited were the UBA, GTB, FCMB, First Bank and Zenith Bank. Some traders in Akure also refused to collect the old notes. Moreover, traders in Ondo State have continued to reject the senior naira notes as legal tender in the State. This is despite the 10 days extension.

Protesters storm CBN in Ondo to change old notes.

Frustrated bank customers today stormed the Akure branch of the Central Bank of Nigeria,

CBN in Ondo State, following commercial banks’ rejection of the old notes.

The crowd, which included Okada riders, traders, artisans and other residents, besieged the

CBN office intends to change their old notes to new ones.

Those who spoke with Radio Nigeria said CBN ought to have respected the supreme court order,

which asked that the apex bank allow the old and new notes to co-exist.

Despite Supreme Court Order, Banks Reject Old Notes in Ondo

Radio Nigeria gathered that many commuters, including students, were stranded in taxi cabs.

In addition, Okada riders refused to take old notes with complaints that fuel stations rejected

the messages while traders followed suit.

Mr Henry Olaoluwa described the situation as confusing and chaotic. He enjoined President Muhammad Buhari to intervene and save the masses from the hardship since many residents still had a lot of old notes owing to bank closure for most of last week in Ondo State.

Also, Ondo NUJ Chairman Leke Adegbite, in a release, enjoined Governor Oluwarotimi Akeredolu to intervene and call the banks to order

A banker who did not want his name mentioned in a chat with Radio Nigeria exonerated the CBN from the crisis, saying the banks and masses should be made to do the right thing.

Amid deadline extension, traders reject old Naira notes in Ondo

Meanwhile, economic activities have been grounded in the Akoko area of the State due to the closure of banks for the fifth day running amidst the rejection of old naira notes by residents.

Customers who came for one transaction or the other were stranded

A community leader Mr Tijani Ganiyu in a chat with Radio Nigeria appealed to the government and the CBN to abide by the Supreme Court injunction that old notes should be retained as legal tender.

Residents Storm Ondo CBN Branch Amidst Old Notes Rejection

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The Niger State Government Has Ordered The Arrest Of Those Rejecting Old Naira Notes

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