Earlier, the Central bank of Nigeria extended the deadline to phase out the old notes to February 10.
However, last week the Supreme Court judgement restrained the apex bank from implementing the February 10 deadline pending a proper hearing on Wednesday on the matter. According to the News Agency of Nigeria, NAN, residents have lamented that traders and businesses have started rejecting the old notes in the nation’s capital.Justifying his decision, Ugwu said he is not accepting the old notes because fuel stations have begun rejecting them.“I went to fuel my car at the station with the old notes but they did not accept them. That is why I insist on passengers boarding with new notes.
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