The hope of customers to receive cash across the counter got dashed as commercial banks shut their doors against them.

The bank premises in Dugbe axis were stormed by a crowd of customers in anticipation of changes to their previous experiences following President Muhammadu Buhari’s National Broadcast in the early hours of Thursday extending the validity of the old 200 naira note till April 10 left without a dime.

Some of them who expressed disappointment said the development had compounded their sufferings.

In another development, the entrance of the Central Bank of Nigeria Dugbe Ibadan experienced a large turnout of residents waiting to deposit their old 500 and 1000 naira notes while the CBN are yet to commence the collection process of the old notes.

Some customers however said the collection of the old naira notes should be done at various banks and not at the Central Bank for an easier process

Meanwhile,, a Legal Practitioner, Mr Ayo Arowosafe said the president has acted in contempt of the supreme court by declaring the five hundred naira and one thousand naira as non-legal tender.

The legal practitioner noted that the ruling of the Supreme Court that the status quo of the old naira notes should be maintained till the 22nd of this month was sacrosanct and any objection should be taken to the apex court for review.

He frowned at the pronouncement of the president as it would set a bad precedent which is undermines the nation’s legal system. 


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