Concerns trail CBN’s deadline, scarcity of new naira notes | The Guardian Nigeria News - Nigeria and World News ⬇️
The Guardian investigation revealed that less than 40 per cent of the banks are currently rolling out the new naira notes through the Automated Teller Machines and on the counter.
It was the almost same experience with those who used the ATM machines, as several customers got disappointed, as the machines could not dispense new notes. As a result, they resorted to withdrawing just a token for emergencies. A banker in Lagos State said: “Currently, we don’t have the new note in our branch. Last week, we were given just N1.5m new notes.
He said that the new naira notes were in the apex bank’s vaults awaiting pick up by the commercial banks. He said that the apex bank was currently going around commercial banks to monitor banks and their Automated Teller Machines to ensure that they stopped paying customers the new naira notes over the counter, but through the ATMs.
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