Osun: Residents react as Commercial banks accept old notes 


By Ismail Azeez, Osogbo

Following the Central Bank directive that old naira notes of N1,000 and N500 should be accepted in compliance with the Supreme Court Order, some commercial banks in Osogbo, Osun state capital, on Tuesday paid old notes to their numerous customers.

It would be recalled that the President Muhammad Buhari and CBN Governor, Godwin Emefele had been accused by many Nigerians of disobeying the order of the Apex Court of the land which directed that old naira notes continue to be legal tender till December 31.

Our correspondent who monitored the level of compliance by commercial banks and traders  in Osogbo on Tuesday saw many customers coming out with old naira notes from the bank.

Mrs Grace Akintade who was just coming out from the Union bank located at popular Aregbe area of Osogbo said she was paid with N20,000 old notes adding that the bank official have complied with Apex bank order and directive.

She explained that the old notes are now available as most PoS units in Osogbo now have the notes saying there is a great relief for people at the moment.

According to her, “Immediately, I collected it I went to the market to buy food stuff and they collected the money from my hand,” she explained.

Also speaking, Mr Aina Olotu who echoed a similar view hinted that, he just entered GTB Bank and discovered that they were paying customers N10,000 and 5,000 respectively.

He disclosed that before the week runs out everything will start to be normalised, carpeting the CBN and the federal government for having waited too long in obeying the court order.

He, however, said some customers who went to the banks like Access Bank were neither attended to nor got money from the bank adding that Nigerians have being going through pains in getting their hard earned money.

However, the State Governor Ademola Adeleke had last week issued warning to CBN over non-availability of money for innocent people of the state saying such will not be tolerated henceforth.