The Central Bank of Nigeria (CBN) in Rivers State on Sunday said it would be monitoring commercial bank’s strong rooms to prevent banks from hoarding the newly redesigned naira notes. The CBN on Sunday extended the deadline for the exchange of old naira notes for the new ones till February 10. Nigerians across the country have lamented the scarcity of the new naira notes.
January 29, 2023The Central Bank of Nigeria in Rivers State on Sunday said it would be monitoring commercial bank’s strong rooms to prevent banks from hoarding the newly redesigned naira notes.The CBN on Sunday extended the deadline for the exchange of old naira notes for the new ones till February 10.
He said POS operators were passing through difficulty to get the new notes, saying many get discouraged from going to the banks because of the stress of staying for several hours in queues. He added that monitoring banks' strong rooms will put an end to the hoarding of the notes by defaulting banks.He said, “It took us lots of time for us to enter bank hall to assist POS operators get the new naira notes.
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