LOCAL NEWS

Old Naira Notes Rejected As Bride Price In Niger

Naira Notes: We Are Disappointed In Banks – Emefiele
Naira Notes: We Are Disappointed In Banks – Emefiele

The family of a young woman in Gbako LGA of Niger State has asked the family of her suitor to take back the old naira notes in the denomination of N1,000 and N500 they gave as bride price, Daily Trust reports.

According to the report by Daily Trust, City & Crime gathered that the family of the suitor took an undisclosed amount of old naira notes to the family of the woman as bride price and money for other stuff in preparation for the wedding.

Though the wedding was not postponed, guardians of the girl were said to have noted that with the CBN deadline of January 31, they were not ready to buy some things needed for the ceremony and that they did not have a bank account to deposit the money, hence their demand for the new notes.

A family member of the male suitor explained that, “We took money to the family of the girl we want to marry. They called me on Sunday to come and take the old currency notes back pending when we have the new naira notes. They said they don’t have anywhere to change the old notes. So, I want to take it to the bank pending when we get the new notes.”

He further said that many people were scared of collecting the old notes for fear that they would not be able to spend them before the January 31, deadline.

City & Crime gathered that rural traders in the state have started rejecting the old notes or shutting their businesses as commercial banks have continued to give out old notes.

 In the ancient town of Zungeru, Wushishi LGA of the state, residents said there was only one commercial bank despite the population and huge business activities in the town, especially during Sunday and Wednesday market days.

Marketers told our correspondent that many farmers had stopped bringing out their farm produce to Zungeru market on Wednesdays and Sundays for fear that they would be given old naira notes. 

Mohammed Sani, the chairman, Amana Farmers and Grain Suppliers Association, Wushishi Local Government Chapter, said “Right now rural farmers have stopped bringing out their farm produce to the market since last week because they are afraid that they would be given old naira notes and they don’t have bank accounts.”

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