The Central Bank of Nigeria (CBN) in a bid to address the long queues at Automated Teller Machines nationwide directed Deposit Money Banks to begin paying the newly designed notes over the counter to customers immediately not exceeding a maximum of N20,000.

The apex bank also said it would, in conjunction with the Nigerian Police and other agencies, prosecute sellers and abusers of naira.

CBN in a statement signed by its Director, Corporate Communications, Osita Nwanisobi, said: “The CBN has observed with grave concern, the activities of persons who sell the newly redesigned banknotes and those who flagrantly abuse the legal tender by hurling wads of Naira notes in the air and stamping on the currency at social functions.”

We have equally noticed the queues at Automated Teller Machines (ATMs) across the country and an upward trend in the cases of people stocking and aggregating the newly introduced banknotes they serially obtain from ATMs for reasons best known to them. Also worrisome are the reported cases of unregistered persons and non-bank officials swapping banknotes for members of the public, purportedly on behalf of the CBN.”

More details later..


https://www.google.com/amp/s/www.thisdaylive.com/index.php/2023/02/02/breaking-cbn-directs-banks-to-pay-redesigned-notes-over-the-counter/amp/

Cc: lalasticlala seun mynd44

Good news

New day,new directives... typical of the confused mediocre

"The most confused you will ever get is when you try to convince your heart and spirit of something your mind knows is a lie".
Shannon L. Alder

Emefiele and CBN have lost it, they are doing litmus test with a policy as importatnt as this...playing pingpong with the masses and social well being of citizens.

What is all these back and forth ...If you are not in control of implementing a policy, why rolling it out

With this move, he is technically back to where he started initially, power now with the bankers to start selling to money changers and highest bidders.

Noted

Buhari don mad kpatakpata

You are giving banks only 30 million a day and you are asking them to load ATM.... Emefiele is only deceiving himself not me ...The NASS assembly needs to act decisively now before the twin lunatics of Buhari and Emefiele completely Nuke the entire monetary system

hisexcellency34:
Buhari don mad kpatakpata

Since 2015 I have told y'all Buhari is a paranoid man suffering from clinical paranoia

Since the 80s this man has imagined some imaginary people's are hiding the naira

What have they been paying on the queues before?

Is CBN just saying this to save face or what?

Linda1999:
Good news

What’s good about the news?

What have the banks being distributing from the ATM before?

HomoSapiien:


What’s good about the news?

What have the banks being distributing from the ATM before?

there are some people here programed to repeat the topic

Infact, this regime is clueless

The solution to this madness is for us to keep using the old notes along side the new notes till December 2024 when the old notes will be phase out

E com b like say no b this same country a new ₦100 was release in 2014