Naira Design: “We have Been Begging Commercial Banks To Come And Take Money”- CBN

The Central Bank of Nigeria, CBN yesterday said that it has been begging banks to come and collect the new N200, N500 and N1,000 naira notes.

The Central Bank of Nigeria, CBN yesterday said that it has been begging banks to come and collect the new N200, N500 and N1,000 naira notes.

The apex bank also disclosed it stopped withdrawal to curb abuse and adding that disbursement of the new naira notes has been restricted to ATMs in order to ensure access to all bank customers.

Director of Legal Services Department, CBN, Mr. Kofo Salam-Alada, disclosed this at a sensitisation programme at Computer Village, Ikeja, Lagos.

Speaking against the backdrop of scarcity of the new naira notes and continued disbursement of old notes by ATMs of banks, Salam-Alada said that the apex bank will penalize banks for failure to collect the new notes and also for failure to disburse them via their ATMs.

While appealing to the public to go and deposit their old notes, he averred that there is no plan to extend the deadline for the public to deposit the old notes beyond January 31st.....Continue Reading. >>>>https://rovingposts.com/naira-design-we-have-been-begging-commercial-banks-to-come-and-take-money-cbn/