Ondo State: Banks, PoS Operators, Traders Reject Old Naira Notes

Banks in Ondo State are no longer accepting the old Naira notes from residents. The residents, most of whom are traders, had neatly arranged the money they made all through the weekend in anticipation of depositing it in banks, but they met a brick wall.

The situation became tense, particularly within Akure metropolis, the State capital, when taxi drivers and commercial motorcyclists started rejecting the old naira notes.

The rejection came amid the interim order of the Supreme Court against the Central Bank of Nigeria, which banned it from going ahead with its deadline for the end of use of the old naira note until February 15.