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CBN Blames New Notes Scarcity on Hoarding in Kwara state

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A day after the Supreme Court granted a motion allowing the old 200, 500, and 1000 naira notes to remain a legal tender beyond February 10, queues at the banks in Kwara state are yet to reduce.

The Oloffa of Offa, Oba Muftau Gbadamosi is suggesting that the Central Bank of Nigeria should allow Nigerians to spend the old notes alongside the new ones until further notice.
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