TOP STORY: CBN directs banks to pay new naira notes over the counter — N20k maximum
But the directive, coupled with many other restrictions that dots the policy, has unleashed hardship on Nigerians who are making frantic efforts to deposit their old notes before the new February 10 deadline elapses.In the statement, signed by Osita Nwanisobi, director, corporate communications, CBN, the apex bank said it was working to address challenges with access to the redesigned notes.
“While reiterating our commitment to Nigerians to ensure the effective distribution of the newly introduced naira banknotes, we urge them to exercise patience as the CBN is working assiduously to address the challenge of queues at ATMs. In line with this resolve, the Govenor, Mr. Godwin Emefiele, has directed deposit money banks to commence the payment of the redesigned naira notes over the counter, subject to a maximum daily payout limit of N20,000.
“We also admonish members of the public to embrace and adopt other payment channels for their transactions.”
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