Banking Finance

Taraba Residents Hail Supreme Court As Cash Flows

Written by Basirat Memudu

Residents of Jalingo in Taraba State, have commended the judiciary over its ruling on the extension of the validity of old naira notes.

Those who spoke to our reporter in the state capital also appreciated the federal government and the Central Bank of Nigeria for complying with the court judgment.

Our Correspondent who monitored some ATM points of various commercial banks within Jalingo reported that many people were excited after withdrawing the amount they wanted from an ATM at one of the commercial banks along Hamman Ruwa way in Jalingo.

Most of the ATM points he visited were dispensing cash to customers and the queue had reduced drastically as confirmed by Hasana W. Yohana, Sister Ada, and Douglas Jonah who patronized the banks.

They also expressed hope that the incoming administration of Senator Bola Ahmed Tinubu will provide more dividends of democracy to Nigerians and make the nation a better place to live in.

However, some water vendors “known as Mai rule”, mobile tailors known as “patchers”, and fruit sellers all in an interview with Radio Nigeria but could not speak English described the current situation as much appreciable as now they are getting cash from customers.

Recalled that before the supreme court judgment, many Nigerians including the people of Taraba State lamented the ripple effect of the cash crunch on their businesses and day-to-day activities.

Also recalled that the supreme court had on Friday the 3rd March 2023 extended the validity of old two hundred, five hundred, and one thousand naira notes till 31st December 2023.

Meanwhile, there is no doubt that the directive by the CBN Governor, Godwin Emefiele that the banks should comply with the court’s order is yielding a positive result in making life easier for Nigerians.

It is, however, worth mentioning that the judiciary is proving to Nigerians that it remains the last hope of the common man.

Sani Sulaiman