RELIEF RETURNS TO FACES OF TRADERS AFTER CBN COMPLIES WITH SUPREME COURT RULING

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Cash

Joy has returned to the faces of market traders as buyers returned to the market with cash to patronize them.

Traders at Kpata market in Lokoja the state capital of kogi state told our reporter that the pain and suffering they went through during the cash crunch months ago is worse than a city locked down saying that they lost so many customers due to their inability to access funds but appreciated Governors who took it upon themselves to approach Supreme Court for relief.

cash flow

They blame CBN Governor for the poor execution of a good conceptualization of redesigning the naira note, saying Nigerians will be happy now.

The Supreme Court had earlier extended the validity of the N200, N500, and N1,000 Naira notes till 31 December.

A seven-member panel of the court led by John Okoro unanimously directed that the CBN must continue to receive the old notes For Nigerians to use

The court held that the directive of President Muhammadu Buhari for the redesign of the new notes and withdrawal of the old notes without due consultation is invalid.

A few days after the threats by the Nigeria Labour Congress, it appears that normalcy is gradually returning to the country as Nigerians are having a sign of relief to have access to their money.

Following the partial flow of cash across banks in the country, Olua Edmond kelechi a trader said business is moving smoothly now as customers are paying with cash, he appreciated the Supreme Court for listening to the cry of the masses.

Victoria Ebem who deals with consumable goods expressed joy over the release of cash by the CBN.

Meanwhile, Hannah lamented that over the
last month, she has been in debt due to failed transactions and a bad network from the bank, Hannah urged the banks and the CBN to work together for the betterment of society at large.

Mr. Sunday Matthew who came to buy food items in the market display happiness over the release of cash by the CBN, he admonished the CBN and banks to do more so people can get cash to their satisfaction.

In the same vein, Fatima thanked God for sales as people no longer buy goods on transfer, appealing to the government should create good roads for easy assessment of goods from rural areas to urban areas. She said

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