The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Headline News

Hawkers Sell Redesigned Naira Notes At Zaria Motor Park

Next Edition by Next Edition
January 28, 2023
in Headline News
CBN Urges Banks To Collect Redesigned Notes Or Face Sanction
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

In spite of scarcity of the redesigned Naira notes in circulation, some smart alecs have been seen hawking the new notes at Dadi Motor Park, Sabon Gari-Zaria, Kaduna State, at exorbitant prices.

The News Agency of Nigeria (NAN) saw large wads of different denominations of the notes on display at the entrance of Dadi Motor Park, Kwangila area of Zaria city for prospective buyers.

You might also like

Man Remanded For Impregnating 15-Year-old Girl In Lagos

US Court Jails Five Nigerians For 159 Years

OOU Faces Backlash Over ‘No Bra, No Entry’ During Examination

A check by NAN reveals that a bundle of N200 notes was going for N30,000;  N500 notes are being sold at N70,000 and N1,000 notes is sold at N130,000, while N100 is sold at N16,000.

Mr. Mohammed Bello, a new cash hawker, said they paid between N70,000 to N130,000 to obtain new N500,000 notes, depending on the denominations of the notes.

READ ALSO: Ayojimi, Son Of Popular Musician, Docked For Alleged Wife Battery

However, Bello declined to disclose the sources of the money and encumbrances.

Mr. Thomas Damina, a resident of Gozaki village in Kafur Local Government Area of Katsina State, who patronised the mints vendors, confirmed to NAN that he bought the new N20,000 of N1000 notes at N25,000.

He said he was forced to purchase the money at the exorbitant price to enable him settle the labourers working at his dry season farm.

“Traders in my community (Gozaki) are rejecting the old notes and the money is not available at the banks. I have no option than to buy from cash hawkers,” Damina said.

NAN also observed that trading in the new Naira notes was receiving patronage as customers thronged the banks, rushing to beat the Jan. 31 deadline.

Most ATMs of some commercial banks at PZ, the commercial hub of the ancient Zaria city, were not dispensing cash when NAN visited.

Trading in Naira notes is in contravention of Section 21 of the CBN Act,  2007, which is punishable under Section 21 Subsection 4 of the Act.

In spite the laws prohibiting hawking of Naira notes and coins, the perpetrators were freely doing their businesses close to the police out post at Kwangila, Sabon Gari Zaria.

Reacting to the development, DSP Mohammed Jalige, the Police Public Relations Officer, Kaduna State police command, assured that the police would swing into action against the crime. (NAN)

Tags: hawkersNew Naira noteredesigned Naira
Next Edition

Next Edition

Recommended For You

COVID-19: Appeal Court Introduces Alternative e-payment For Filing Processes

Man Remanded For Impregnating 15-Year-old Girl In Lagos

A 23-year-old man, Victor Faleye, has been detained in custody at a correctional facility after his arraignment for allegedly defiling and impregnating a 15-year-old girl in Lagos. Faleye,...

Nigeria Ranks Seventh With International Students In US

US Court Jails Five Nigerians For 159 Years

A court in the United States has sentenced five Nigerian nationals to a combined 159 years in prison for their involvement in a sweeping $17 million fraud scheme...

OOU Faces Backlash Over ‘No Bra, No Entry’ During Examination

OOU Faces Backlash Over ‘No Bra, No Entry’ During Examination

A viral video showing female students of Olabisi Onabanjo University, Ago-Iwoye, being checked for bras before entering the examination hall has sparked widespread criticism online and on campus....

President Tinubu Signs Bills To Establish Three Tertiary Institutions

President Tinubu Signs Bills To Establish Three Tertiary Institutions

President Bola Ahmed Tinubu has signed into law three bills sponsored by the Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, establishing the Federal College of...

Next Post
Umahi

Ebonyi: It Will Be Unjust To Hand Over To My Brother, Says Umahi




Related News

200 Almajiris Get Haircuts, Clothes For Sallah In Dutse, Courtesy Women Group

200 Almajiris Get Haircuts, Clothes For Sallah In Dutse, Courtesy Women Group

New Police

Police Uncover Baby Factory In Lagos, Rescue 10 Victims

NCDC Confirms 296 Additional Cases Of COVID-19

Britain Hits 7,000 Daily Coronavirus Infections Amid Lockdown Debate




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited