Newspaper Headlines: Confusion as banks, fuel stations reject old naira notes despite s’court order

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Newspaper Headlines: Confusion as banks, fuel stations reject old naira notes despite s’court order

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February 14, 2023

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Confusion trailing the rejection of the old naira notes in banks, filling stations, and markets dominated the cover pages of Nigerian newspapers.

The Punch reports that some commercial banks and filling stations have stopped collecting the old naira notes from customers despite the ruling of the supreme court. President Muhammadu Buhari has launched new security equipment for the police ahead of the forthcoming polls, the newspaper says.

The Nation reports that Muhammadu Abubakar, the sultan of Sokoto, said the protracted naira crisis has caused hunger and anger in the country. The newspaper says Bola Tinubu, presidential candidate of the All Progressives Congress (APC), said the exploration of the Kolmani oil field in Gombe would be properly managed to foster development.

Daily Independent says the federal government has criticised the United States and the United Kingdom over “frivolous” travel advisories. The newspaper reports that aviation fuel has now hit N800 per litre.

The Guardian says some civil society organisations protested and demanded the removal of Abdulrasheed Bawa, the chairman of the Economic and Financial Crimes Commission (EFCC). The newspaper reports that police said it has intelligence that Oduduwa Nation agitators were amassing weapons towards disrupting the peace, security, and electoral process in the south-west geo-political zone.

Daily Trust says commercial banks have started to reject the old naira notes despite the order of the supreme court suspending the February 10 deadline for the phase-out of the old naira notes. The newspaper reports that the Peoples Democratic Party (PDP) has suspended the presidential campaign rally in Rivers state.

Source: Top Stories