The Central Bank of Nigeria has vowed to sanction any commercial bank found hoarding the new naira notes, saying it had produced enough for distribution to all the banks across the country.
He maintained that there was no going back on the 31st January 2023 deadline adding that all the old naira notes would cease to be legal tender on that date.
He said the sensitisation was designed to enlighten them on the need to deposit the old notes before the deadline to avoid any loss. In his remarks, the chairman of Sabon Gari market traders, Alhaji Sule Kura, called on the apex bank to make the new naira notes available to commercial banks so as to reduce the hardship being encountered by customers.
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