Naira Redesign: Why Nigerians are rejecting new notes
Six days after the new naira notes went into circulation, some traders are still finding it hard to accept it as legal tender, the News Agency of Nigeria (NAN) reports.
The newly-redesigned N1,000, N500 and N200 bills became legal tender on Dec. 15, 2022.
The Central Bank of Nigeria Governor, Godwin Emefiele, on Oct. 26 announced plans to redesign the denominated notes, saying the old notes would cease to be legal tender by Jan. 31, 2022.
He said the reason for the currency redesign was to stop counterfeiting and hoarding.
Alhaja Sofiat Balogun, a food vendor at Cele-Egbe bus stop, Egbe, said that she would not accept the new notes just yet.
“People say that the money is not fine and they that it is not everywhere yet, I will not accept it until I see that it is fully in circulation.
“I do not want to start accepting it and when it’s time for me to spend it, it will be difficult for me.
“And secondly, I have seen on social media a video of a fake new note of N1000, this makes me even more afraid to accept it,” she said.
Mrs Eme Jackson, a fruit seller in Ili-ewe market, Egbe, said the reason she had refused the money is because the notes are too light.
“I prefer the old notes because it is very durable, no matter how you handle it, it will still remain strong unlike the new one.
“The moment I saw it, I told my children not to accept it, even in my absence,” she said.
Mr Ozuome Benedict, a phone technician, urged the apex bank to do a proper awareness on why they should accept the new notes.
“I do not have a problem accepting the new notes, the CBN should sensitise the people because so many are not aware that there’s a new note, that is why it is not accepted,” he said.
Meanwhile, NAN’s visit to some ATM machines around Ikotun, Ejigbo and Oshodi, showed that old notes were still being dispensed to customers.
A visit to one of the bank, a Teller told a customer who wanted to withdraw N100,000, that she could only be paid N20,000 in new notes and N80,000 in old notes.
But, when the customer asked why she wouldn’t completely pay her with the new notes, she (teller) told her that she was acting on instruction.
“I’m sorry to tell you that you can only have N20.000 of the new notes. This is an instruction given to us by the CBN,” the Teller said.
However, NAN’s visit to Zenith Bank ATM on Eric Moore, observed that the machine was dispensing the new notes of N500 and N200.
Some customers who saw the new notes for the first time, expressed mixed feelings as they passed the N500 bill from one hand to another in admiration. (NAN)
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JUST IN; Oyo Governor, Makinde names Olubadan as Chairman Oyo Council of Obas
JUST IN; Oyo Governor, Makinde names Olubadan as Chairman Oyo Council of Obas
Oyo State Governor, Seyi Makinde, has inaugurated the Oyo State Council of Obas and Chiefs, declaring that the Olubadan of Ibadan, Oba Rashidi Ladoja, will be heading the council for a period of 2 years.
The declaration follows the passing of the Oyo State Council of Obas and Chiefs (Further Amendments) Bill, 2025, by the state House of Assembly, and the signing of the same into law by the governor.
Recall that the lawmakers had amended Clause 5 of Section 28 of the Chieftaincy Law to make the Council chairmanship rotational among the Alaafin of Oyo, the Soun of Ogbomoso, and the Olubadan of Ibadanland.
While inaugurating the Council, Governor Makinde said he had consulted with the trio of the Alaafin, the Olubadan and the Soun, with the three of them reaching a consensus that the chairmanship should start with the Olubadan of Ibadanland, His Imperial Majesty Oba Rashidi Ladoja.
News
NPF committed to community policing, says IGP Egbetokun
NPF committed to community policing, says IGP Egbetokun
The Inspector General of Police (I-GP), Dr Kayode Egbetokun, has assured that the police remained committed to community policing to ensure that criminals were drastically reduced in the country.
The I-GP, who was represented by the Assistant Inspector of Police ( AIG) Zone 17, Dr Ajani Musibau, stated this at the Police Community Relations Committee ( PCRC) National Leadership Training and Conference on Thursday in Akure.
The theme of the conference is: “Inclusivity and Diversity: the New Leadership Paradigm.”
He said that security could not be achieved by only the police, but with the support from the community.
The I-GP stated that security was a joint work and responsibility of all, commending the current leadership of the Nigeria Police for a paradigm shift towards modern policing.
Also, the Commissioner of Police in Ondo State, Mr Adebowale Lawal, said that bandits could not infiltrate the state due to community policing strategy embraced by the command.
He explained that bandits would have infiltrated the state through Kogi and Edo, but intelligence reports from members of PCRC had been a great help to the police command.
According to him, the support and logistics received from the Inspector General of Police, Dr Kayode Egbetokun and Gov. Lucky Aiyedatiwa had also motivated police personnel to work earnestly.
He said that effective community policing was a sure way to curb activities of criminals, and implored members of the public not to relent in their efforts to provide police and other security agencies with useful information.
Lawal also commended other conventional security agencies, forest guards and vigilantes for their support to the police in fighting bandits
In his remarks, the National Chairman of PCRC, Alhaji Ibrahim Mogaji said that the conference was to strengthen leaders of PCRC in the South-West zone and encourage them to redouble their efforts and support in fighting crimes.
According to Mogaji, the occasion also enabled the association to appreciate Gov. Aiyedatiwa, I-GP, the AIG Zone 17 and the state Commissioner of Police.
He advised the participants to moblise other members of PCRC and orientate them on their roles to continue to fight crime in the country.
The PCRC national chairman asked Nigerians to respect the dignity of police and to be civil when interacting with them.
Mogaji said that the leadership training would be replicated in other geo-political zones of the country.
Also, Aiyedatiwa, represented by his Senior Special Assistant on Security, Mr Gbenga Atiba, commended the PCRC , AIG Zone 17, and the Commissioner of Police for their unrelenting efforts to guarantee peace across the state.
Aiyedatiwa promised that the state government would give PCRC attention and continue to support police and other security agencies with appropriate logistics that would make policing more effective.
A guest lecturer, Comrade Yinka Folarin asked members of the public to give respect and dignity to members of the police, saying that they also had rights that must be respected.
The News Agency of Nigeria (NAN) reports that PCRC honoured Gov. Aiyedatiwa, AIG Zone 17 and the Commissioner of Police with awards. (NAN)
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Increase salary, welfare packages for Police other security personnel – FG told
Increase salary, welfare packages for Police other security personnel – FG told
Peoples Democratic Party (PDP) has called for improved welfare packages for armed forces personnel and all members of the security and intelligence community to aid their effectiveness and efficiency.
National Chairman of PDP, Tanimu Turaki, made the call in a statement in Abuja on Thursday to mark the 2026 Armed Forces Celebration and Remembrance Day.
Turaki also urged the Federal Government to adequately fund security agencies to effectively neutralise those he described as agents of insecurity, and restore peace to the country.
He expressed PDP’s condolences to the families of members of the armed forces who died in active service while executing their mandate of protecting Nigeria’s territorial integrity and sovereignty.
“On a day like this, we acknowledge that they paid the supreme price for the continuous existence of our country.
“We advise all actors, whether state or non-state, not to engage in actions capable of destabilising the country.
“In honour of those who have died to keep our country safe, we pray that their deaths may not be in vain and their labours not forgotten,” Turaki said.(NAN)
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