Nigerians ignore CBN, banks transact with old Naira after deadline

“When I have excess cash I give it to a PoS guy who is my friend at no cost. I have not been to the bank in the last two months.

“There are a lot of people in need of cash so there’s no need to go to the bank.

“It is hard to reject old notes because the market is slow so if the customer you get brings old notes you will have no choice but to accept them. I have a stash of new notes I have not touched too,” he said.

Point Of Service (POS) operator,Dalhatu Sani said he has not gone to the bank in the last two weeks, saying that people bring their money for deposit and give it to people.

One of the traders who deal in wholesale shoes didn’t want to collect old notes saying he prefers transfer to old notes because the deadline was yesterday.