Abuja business owners, traders defy CBN, reject old N500, N1000

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Business owners, traders and transporters in the Federal Capital Territory, Abuja, are defying the Central Bank of Nigeria's directive on accepting old

Business owners, traders and transporters in the Federal Capital Territory, Abuja, are defying the Central Bank of Nigeria’s directive on accepting old N500 and N1000 notes as legal tenders 17 hours after the bank’s announcement.

“No one is collecting the old N500 and N1000 notes as I speak to you. If other traders do not collect the money, do you expect me to do so? I have rejected some customers today who came buying with the old currencies,” he said. “As for me, I am not receiving the money. I heard depositing it at the bank is difficult, so what is the need? Only customers who have the new notes will board my vehicle. I no dey for banks’ wahala”, he disclosed.

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If they like,they should reject it is none of CBN's business

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