•It is sanctionable for any bank to dispense old notes via ATMs •Buhari holds meeting with Emefiele As the window for the phasing out of the old notes closes, the Central Bank of Nigeria (CBN) has stepped up an aggressive awareness programme to sensitise the public on the security and other issues about the new […]
•It is sanctionable for any bank to dispense old notes via ATMs •Buhari holds meeting with Emefiele As the window for the phasing out of the old notes closes, the Central Bank of Nigeria has stepped up an aggressive awareness programme to sensitise the public on the security and other issues about the new…As the window for the phasing out of the old notes closes, the Central Bank of Nigeria has stepped up an aggressive awareness programme to sensitise the public on the security and other issues...
Kebbi State Controller of CBN, Dantsofo Mannir Abdullahi, urged the people of the state and other relevant stakeholders to return all the old notes to banks to meet the CBN deadline scheduled for January 31. At Calabar, the bank has taken the sensitisation to markets and streets where it threatened to sanction banks that are still dispensing old notes at the automated teller machines .
“You can still collect the old notes over the counter and use them but return them to banks before 31st of this month. By then, they must have received enough new notes to give to you in exchange. So for now, the ATMs are dispensing new notes. It is a sanctionable offence for you to dispense old notes, and all the banks know this,” she said.
In Lafia, Nasarawa State, the Director of Security Services, Atiku Mohammed, called on residents to reject old naira notes from banks going forward. In Jos, Plateau State, officials of the bank went out for situation assessment. The team lead and Director, Payment System Management Department of the CBN, Musa Jimoh, said banks that reneged and issued old notes after their monitoring would be severely sanctioned.
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