Six days after the new naira notes went into circulation, some traders are still finding it hard to accept it as legal tender, reports claim.
The newly-redesigned N1,000, N500 and N200 bills became legal tender on Dec. 15, 2022.
The Central Bank of Nigeria Governor, Godwin Emefiele, on Oct. 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.
“People say that the money is not fine and they that it is not everywhere yet, I will not accept it until I see that it is fully in circulation.
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“I do not want to start accepting it and when it’s time for me to spend it, it will be difficult for me.
“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.
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Mrs Eme Jackson, a fruit seller in Ili-ewe market, Egbe, said the reason she had refused the money is that the notes are too light.
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