The Central Bank of Nigeria (CBN) has said that any commercial bank that fails to pick up the new naira notes for distribution will be fined N1 million daily, IGBERETV reports.

The announcement was made by Adeleke Adelokun, a deputy director at CBN, during a sensitization programme with traders on the new Naira notes at Ayegbaju International Market in Osogbo, the Osun state capital, on Friday, January 20.

Adelokun said;

“As at today, CBN has printed enough new naira notes of N200, N500 and N1,000.

“But, what we discovered was that most of the banks that are supposed to collect the new notes have not collected them. So, we have put a sanction on the banks.

“Any bank that fails to collect the new notes from CBN will pay N1 million as sanction per box, per day and the amount they are to pay now will depend on the number of days they have not collected the notes.

“We also mandated the banks to put new naira notes in their ATMs all over Nigeria so that Nigerians will have access to the new naira notes.”

Jasah:
Why politicians are angry fie the new Naira Note

For the first time, politicians are the only ones speaking for the same people they been Looting their Commonwealth.

It's either they bring out all the old notes they have stored Up in their GP Tanks or Underground or nothing

Ask yourself where were they when the people were crying of Hunger and deprivation over the years

The CBN have deliberately refused to print the new Notes in Bulk so the don't start stock pilling them in place of the old money in your GP tanks and underground As they did to the Old Noted

How can you print over 2Billion country's currency with less than 200 million in circulation, Because of Criminals who call themselves Leaders.

And people like you are Campaigning for a number of them to fix the same country they have Milked Dry

Make no Mistake people! Stubborn Policies as this was the very Reason you Voted Buhari the first place in 2015. Even if I can never be a fan of APC