Some Lagos residents have expressed regrets for collecting the old N500 and N1,000 notes from commercial banks, after the Supreme Court judgment validating it as legal tender till Dec. 31.
They told the News Agency of Nigeria (NAN) in separate interviews that it had been challenging spending the two old notes as Nigerians were not accepting the money for their daily transactions.
They also said it was surprising that two days after the judgment, banks started paying between N5,000 and N10,000 per customer, compared with N3,000 and N5,000 that were dispensed from their Automated Teller Machines (ATMs) during cash swap period.
Mr Matthew Aburime, a student of Lagos State Polytechnic, Ikorodu, who expressed disappointment, said he had been unable to spend the money he collected from a bank.
“I came from Ikorodu to Ajao Estate to spend some time with my grandmother, unfortunately for me, when it was time for me to…
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