Naira Scarcity: CBN Orders All Banks To Pay New Notes Over The Counter

The Central Bank of Nigeria (CBN) has directed commercial banks to begin the payment of the new naira notes to customers over the counter.

This is according to a Thursday statement signed by the Bank’s Director, Corporate Communications Osita Nwanisobi.

He said it is part of moves to ameliorate the plight of Nigerians who are finding it hard to get the new notes.

“In line with this resolve, the Governor, Mr. Godwin Emefiele, has directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000,” the statement added.

Naira Scarcity: CBN Orders All Banks To Pay New Notes Over The Counter

While admitting the difficulties Nigerians have faced in trying to get money Automated Teller Machines (ATMs), the apex bank reassured of its commitment to making the process seamless.

It also vowed to prosecute racketeers of the new naira notes, saying it is working with relevant agencies to make that happen.

BY IYABO AINA

Publisher News Rain Nigeria