Six days after the new naira notes went into circulation, some traders are still finding hard to accept it as legal tender.
The newly-redesigned N1,000, N500 and N200 bills became legal tender on December 15, 2022.
Read Also: CBN Sets to Distribute Redesigned Naira Notes
The Central Bank of Nigeria Governor, Godwin Emefiele, on October 26 announced plans to redesign the denominated notes, saying the old notes would cease to be legal tender by Jan. 31, 2022.
He said the reason for the currency redesign was to stop counterfeiting and hoarding.
Alhaja Sofiat Balogun, a food vendor at Cele-Egbe bus stop, Egbe, said that she would not accept the new notes just yet.
“People say that the money is not fine and that it is not everywhere yet. I will not accept it until I see that it is fully in circulation.
“And secondly, I have seen on social media a video of a fake new note of N1000, this makes me even more afraid to accept it,” she said.
Mrs Eme Jackson, a fruit seller in Ili-ewe market, Egbe, said the reason she had refused the money is because the notes are too light.
