Osun 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
The Osun State government had been informed that commercial banks in the state were declining deposits of the old currency even after paying customers with the same old notes.
The governor revealed that he was aware of the many complaints of the citizens over banks’ refusal of old naira deposits and the attendant negative consequences of such action in society. “I have consequently 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,” Adeleke stated.
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