The Cheer News
Breaking News

Naira Notes Scarcity: Nigerian Commercial Banks Are Our Problem – Soludo

The problem of shortage of naira bedeviling Nigerians has been heaped at the door steps of commercial banks, Anambra State governor Chukwuma Soludo has said.

According to him, the Central Bank of Nigeria (CBN) has finally directed commercial banks to dispense old currency notes and to also receive same as deposits from customers.

Daily Trust reports that Soludo said tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.Soludo said the CBN Governor gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March, 2023.

“The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes,” Soludo added.

He called on residents to report any bank that refuses to accept deposits of the old notes.

“Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch.”

Efforts to get the reaction of CBN to Soludo’s claim proved abortive as the spokesman, Isa Abdulmumin, could not be reached.

Sources at the Apex bank told our reporter that there have been several virtual meetings between Emefiele and the bank chiefs leading up to Sunday evening and there are strong indications that the news is true.

The CBN has at the time of this story not debunked the claim of Governor Soludo.

Related posts

Apostle Suleiman wins the Edo Man of the Year Award

EDITOR

Libya’s Energy Sector: A Catalyst for Job Creation and Capacity Building

EDITOR

Minister of Health Lizzie Nkosi announces four new COVID-19 deaths in Eswatini

EDITOR

Leave a Comment