LAGOS RESIDENTS ACCEPT OLD NAIRA NOTES AS BANKS STRUGGLE

Lagos residents today began to accept the old N200, N500 and N1,000 banknotes for transactions following a validation from the Central Bank of Nigeria (CBN) to do so.

You do know that the  CBN in a statement by its acting Director, Corporate Communications, Mr Isa AbdulMumin, yesterday, directed the commercial banks to comply with the Supreme Court judgement of March 3.

VOP News , however gathered that while traders and residents of the state had fully complied to transact with the old Naira notes, some banks were yet to start dispensing both the old and new Naira notes.

Lagos residents were seen in large numbers at the entrance of some of the commercial banks visited around Iyana-ipaja, Ikotun, Ikeja, Sango, Oshodi and other areas of the state with a hope to get cash.