Thursday, October 1, 2026

Enugu business owners continue to reject old N500, N1,000

“Transporters have refused to collect the old notes of N500 and N1,000.”

• March 9, 2023
Godwin Emefiele
Godwin Emefiele

Some business owners in Enugu have continued to reject the old N500 and N1,000 notes for transactions despite the Supreme Court judgment validating them.

Many business owners, who spoke on Thursday in Enugu, said they had not received directives from the appropriate authority to start collecting the old N500 and N1,000 notes.

They said it would be difficult to spend the old notes because many residents are rejecting the banknotes.

A tricycle rider, Uche Ossai, said he had not started collecting the old notes because he would find it difficult to spend them as many fuel stations rejected the notes.

A food vendor said, “The transporters have refused to collect the old notes of N500 and N1,000, so you do not expect me to collect it from others because it may end up being a waste to me.”

Jude Okoye, a provision shop owner at Mayor Market, said he preferred his customers to pay him electronically.

A salon owner, Jacinta Nweke, stated the University of Nigeria Teaching Hospital (UNTH) staff refused to collect the old notes from her.

“When I went to UNTH to pay for my hospital bill after seeing the doctor, they refused to collect the old notes from me, telling me they have not received a directive from the appropriate authority,” she said.

A resident of Achara layout, Gloria Okoroafor, said a tricycle rider refused to collect the old notes.

According to Ms Okoroafor, the tricycle would collect the old N500 and N1,000 if the Central Bank of Nigeria said so.

(NAN)

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