Poor New Naira Notes Circulation Criples Business In Bauchi LG 

The Dearth of redesigned Naira notes in Kirfi, the headquarters of Kirfi local government area of Bauchi State has sabotaged business activities as most traders and drivers reject old N200, N500 and N1000 notes, LEADERSHIP Friday can report. 

Our correspondent reports that some shops were closed down due to the scarcity of the redesigned naira notes in Kirfi at a time when the Central Bank of Nigeria commenced a Cash Swarp in communities in an effort to make the redesigned Naira notes adequate to meet demands of Nigerians. 

Malam Jibrin Mu’azu a  trader in Kirfi said as the 31st January deadline draws nearer, there is an increased outflow of the old Naira notes which gave rise to heavy queues in the few banks available in the community. 

He said you hardly could see the redesigned Naira notes, thus raising concerns and fear in the minds of business owners in the area. 

However, there was a change in the scenario when bank agents under the supervision of the Central Bank of Nigeria arrived at Kirfi and swapped the old notes with new ones for residents who have a sum of ten thousand naira and below.

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Some petty traders who swapped their ten thousand naira each could not hide their happiness and commended the central bank of Nigeria for taking measures that eased their suffering.

The District Head of Kirfi Alhaji Lawal Muhammad said the development is a welcome one as there is no single bank branch in Kirfi which makes the situation worst.

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The district head added that he and his subordinates have been working day and night to sensitise their subjects on the need to take their cash to banks so as not to lose their hard-earned money.

Alhaji Lawan Muhammad Kirfi also appealed to the Central Bank of Nigeria to replicate the gesture in other towns of Kirfi local government before the deadline.

The leader of the monitoring team, Dr (Mrs) Elizabeth Kwaghe from the Currency Operation Department CBN Abuja, said the exercise will continue in all parts of the state to hasten the circulation of the redesigned naira notes.


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