A cross-section of the residents in the state capital who spoke to DAILY POST on Friday, complained bitterly that while the idea was a welcome development, the timing of its implementation was faulty.
He also cautioned commercial banks in the state against hoarding the available naira notes to reduce the hardship facing the people. Also reacting, Umatr Abubakar, a staff of Real Gold filling station who spoke with DAILY POST at the central bank premises, in Ilorin, faulted the policy, especially on how to deposit the old naira notes.
“We were here at the central bank on Friday from 4am and I got tally number 20 but up till I am speaking with you at 9am, we are yet to scale through the process,” Umar added. “Even those who had collected the N10,000 from the ATM were not allowed to collect more across the counter,” he added.