The Central Bank of Nigeria has warned banks and point of sale (PoS) operators to refrain from disrupting the distribution of naira notes.
According to him, the suspects will be charged to court upon completion of investigation.
The residents said it was surprising that they had to return to and rely on the reintroduced old notes because the new notes which were to replace them were not in circulation.
“I have been coming here to sell cow meat on a daily basis, but the turnout has not been encouraging, so I decided to stay at home for some days.”
The disappearance follows the injection of more bank notes by the Central Bank of Nigeria (CBN) into commercial banks.
This follows the Supreme Court ruling on return of old currency notes as legal tender.
Chief Magistrate Munir Sani convicted and sentenced the defendants after they pleaded guilty to the charges and begged for leniency.
With the injection of cash by the CBN, business activities in Abuja markets have returned to normal.
Most of the drivers requested that extra money be paid if transportation fare was to be paid through bank transfer.
The residents interviewed said that the extension of the validity of the old N200 note has brought some succour to them.
