With three days to the January 31 deadline for Nigerians to swap their old naira notes to the redesigned ones, long queues have persisted at Automated Teller Machines and Banks in Taraba State.
This is as shop owners, tricycle riders and small business owners have started rejecting the old notes as the Central Bank of Nigeria’s deadline draws nearer.
A shop owner at the road block area of Jalingo, Obidiokwu Chigozie, told our correspondent that the queue at banks which took customers several hours to deposit money and even withdraw at ATM was the reason for their rejection of the old naira notes.
A tricycle rider, Abubakar Umar, also told our correspondent that he had stopped collecting old notes because most petrol stations in the city had stopped collecting the old notes, adding that he did not have time to go the bank.
This development has crumbled most business activities in Donga, Ibi, Kurmi and Karim- Lamido Local Government Areas where most shops have stopped collecting old notes.
But the CBN on Saturday said the bank’s currency swap exercise targeted at ensuring that all rural dwellers in Taraba have their old naira notes swapped to new ones or deposited in banks before the January 31 deadline will help address the challenge.
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