“For the banks to issue old notes and refuse to accept old notes as deposit is highly unacceptable.'
has warned commercial banks in the state to stop issuing old naira notes to customers if they will not accept them back as deposits.The governor said that the maltreatment of residents of the state by commercial banks refusing to collect old currency notes, even after paying customers with such notes, is worrisome.
Mr Adeleke said that he had received many complaints from bank customers who accused the banks of refusing deposits of old notes as well as the attendant negative consequences on the populace. “I have received several calls from bank customers across the state. The deliberate refusal of banks to collect old notes is creating serious economic complications for residents of the state.The governor, however, called on the Central Bank of Nigeria to direct the banks operating in the state to correct the anomalies.
“The state director of the CBN is specifically requested to direct the banks to halt this unhealthy practice. “If banks will not accept old notes as deposits, they must stop issuing old notes for withdrawal. The current pain being inflicted on our people must stop,” he said.
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.
Old Naira Notes: Adeleke Asks CBN To Call Banks In Osun To OrderGovernor Ademola Adeleke of Osun State has decried the maltreatment of residents of the state by banks which refused to collect old currency notes even after
Read more »
Old naira deposit: CBN must call commercial banks to order - Gov AdelekeOsun State Governor, Ademola Adeleke, on Sunday decried the maltreatment of residents of the state by banks which refused to collect old N500 and N1,000
Read more »
Adeleke to banks: Stop issuing old naira if you won't accept same as depositAdemola Adeleke, governor of Osun, has warned commercial banks in the state to stop issuing old naira notes to customers if they will not accept them back as deposits. In
Read more »
Cash Scarcity: Traders in kogi rescind decision on old naira notesCaught in the web of póor patronage, following the ongoing cash crunch in the country, some traders in Lokoja, Kogi State, North Central Nigeria on
Read more »
Real estate experts worry over continued naira scarcityThe persistent cash crunch occasioned by the Central Bank of Nigeria’s policy on the naira redesign and cash withdrawal limit has abruptly stopped economic and service delivery in the real estate environment, Sunday PUNCH reports.
Read more »
Naira scarcity: Emefiele, others at CBN acting above the law - Fani-KayodeA chieftain of the All Progressives Congress, APC, chieftain, Femi Fani-Kayode, has rained curses on the Central Bank of Nigeria, CBN, Governor, Godwin
Read more »