The House of Representatives may be on a collision course with the Central Bank of Nigeria over the redesign of naira notes and the January 31 deadline set for the exchange of the old notes with the new ones.
The development came in the wake of threats by the Central Bank of Nigeria that it would sanction any bank that dispensed old naira notes on its Automated Teller Machines.
Meanwhile, a myriad of disgruntled customers were seen lamenting the frustration of not being able to withdraw cash from any of the ATMs in the area. While some of the banks cited technical difficulties for their inability to dispense money via the machines, others said their ATMs had developed faults and could not temporarily dispense cash.
Speaking with The PUNCH, an end-User support officer at Sterling Bank, who spoke on condition of anonymity, said the bank was still loading old and new notes on its ATM due to the unavailability of the new naira notes.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JUST IN: No going back on January 31 deadline for old notes, Emefiele insists“I must say here that, unfortunately, I don’t have good news for those who feel that we should shift the deadline. My apologies,” Mr Emefiele said.
Read more »
Emefiele: No going back on Jan 31 deadline for old naira notes | TheCableThe Central Bank of Nigeria (CBN) says its January 31 deadline for the validity of the old 200, 500 and 1,000 naira notes still stands.
Read more »
Old Naira Notes: Lawyers, Ethnic Youth Leaders Hail Buhari, Emefiele's Insistence On Jan 31 DeadlineEthnic Youth leaders and Lawyers have hailed President Muhammadu Buhari and Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, for insisting on the
Read more »
JUST IN: Reps summon banks over new naira notes scarcity - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
Emefiele, CBN and our future | TheCableAt some point later today, January 24, the governor of the Central Bank of Nigeria, Godwin Emefiele, is bound to be back in the news as the CBN’s monetary policy
Read more »
Emefiele, CBN and our future, By Reuben AbatiAt some point later today, 24 January, the Governor of the Central Bank of Nigeria, Godwin Emefiele is bound to be back in the news as the CBN’s Monetary Policy Committee (MPC) concludes its 289th meeting and offers its position on the future direction of the country’s macro-economic environment. Would the CBN adopt a further […]
Read more »