The scarcity of the new notes was also confirmed to this newspaper by bank managers of commercial banks in Lagos and Abuja.
“The CBN has been lying to Nigerians. Even me, as a branch manager, I don’t have the new notes and customers keep calling me to help them get it,” a branch manager of a new generation bank in Lagos said.
All the bank chiefs spoken to asked not to be named to avoid sanctions by their head offices and the central bank. “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. Since the notes were introduced, many Nigerians on social media have expressed reservations about the circulation of the new notes. While many claim that they are yet to see the new naira notes, others complain of hoarding on the part of the deposit money banks even as the January 31 deadline for the rejection of the old notes approaches.
The CBN also recently directed commercial banks to halt over-the-counter payment of the old notes and load their Automated Teller Machines with the redesigned naira notes to boost circulation.Similarly, the apex bank also launched a cash swap programme nationwide to enable those in unbanked areas to exchange their old notes for new notes before the 31 January deadline.
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