The Central Bank of Nigeria has begun moves aimed at ensuring that banks in the country keep to the January 31 deadline for the circulation of old notes throughout the country.
However, most of the banks were dispensing the new banks notes at their ATM points, apart from a few branches of the Zenith Bank and Sterling Bank, especially those inside the University of Uyo Teaching Hospital, which were observed to still be dispensing the old notes both from over-the-counter and the ATM points.
Some of the banks even identified the shortage of the new notes as reason they did not load cash in some of their ATM points. The commendations were made when officials of the CBN, Akwa Ibom State branch, took the sensitisation to the new naira notes to Itam park and Itam market all within the Uyo metropolis.
Some of the people who reacted said they were happy to see officials of the CBN coming to the park and the market to educate the people on the development in the new monetary policy in the country.
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