Today, Thursday February 2, The Central bank of Nigeria CBN, has directed commercial banks to start payment of the redesigned naira notes over the counter, limited to the maximum of 20,000 per day.
Central Bank of Nigeria (CBN) has directed banks to pay the new Naira notes over the counter as against the earlier directive of paying only through the ATM. pic.twitter.com/Fuuwr6NtMX
— Bashir Ahmad (@BashirAhmaad) February 2, 2023
CBN’s Director Corporate Communication, Osita Nwanisobi, announced the directive in a statement adding that the apex banks will collaborate with the Nigeria Police, Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) to prosecute abusers and sellers of the naira.
He said: “The Central Bank of Nigeria (CBN) has observed, with deep 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.
The CBN governor, Godwin Emefiele said, the directive was to eradicate the challenges Nigerians are facing with getting access to the new note.
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.
In a tweet, The CBN has assured Nigerians of making available the redesigned naira notes.
CBN, Police, and other agencies to prosecute sellers and abusers of Naira. CBN assures that queues at the ATMs will disappear soon, direct over-the-counter payment of redesigned banknotes by DMBs…https://t.co/j3iTlHhirW pic.twitter.com/yXQaoJ4v6C
— Central Bank of Nigeria (@cenbank) February 2, 2023
CBN is committed to ensuring that the new Naira notes reach the hands of Nigerians as soon as possible. In collaboration with EFCC and ICPC, CBN has been carrying out Banks' Branch Spot-Checks on ATMs #BanksSpotCheck #NewNairaBankNotes pic.twitter.com/Edua52g1An
— Central Bank of Nigeria (@cenbank) February 2, 2023
