The Central Bank of Nigeria (CBN) is currently begging banks to come for the new naira notes as the old naira notes are expected to phase out by January 31, 2023.
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| Central Bank Of Nigeria (CBN) |
Mr. Kofo Salam-Alada, the Director of the Legal Services Department, CBN, stated this on Wednesday, during a sensitization event in Computer Village Market, Lagos.
Salam-Alada said CBN has enough new naira notes in vaults but some banks are not coming for the new notes.
According to him, the apex bank was already monitoring banks that were still dispensing old naira notes from their ATMs and will take necessary actions against them.
He said, “I can tell you today that the CBN on a daily basis issue out the new notes. As we speak, banks are with the CBN taking money. We are actually begging banks to come and take money from the Central Bank. We have these new naira notes in our vaults, and we are begging banks to come and take them.
“We found out that a lot of things are happening that we need to checkmate, so we stopped withdrawal of new notes over the counter to ensure that everyone can have access to it and not one chief who is known to the manager, walks in, and carts away all the new notes in a particular branch. That is why we said it should be in the ATMs, which cannot distinguish people.
“We also have monitors going around banks now. I have been to some ATMs this morning and I have done the reports. We are not mobilizing the masses against the banks because the banks are there to serve you, but be rest assured that they will serve you now that they know that the CBN is on them to serve you with the new naira notes.”PMNews
