Business
Redesigned Naira: CBN Accuses Banks Of Hoarding N4.5b New Notes
The Central Bank of Nigeria (CBN) has slammed some commercial banks in Port Harcourt, Rivers State..
The CBN accused the banks of refusing to dispense the sum of N4.5 billion redesigned notes allocated to them.
The controller of the CBN branch in Rivers State, Maxwell Okafor, disclosed this on Friday when he led an enforcement team on the newly redesigned notes to some commercial banks and markets in Port Harcourt.
Okafor revealed that the CBN had disbursed about N4.5b of the new naira notes to commercial banks in the state between Thursday and Friday, wondering why many customers were not getting them.
He also expressed concern that some banks in the state were thwarting the CBN’s efforts to enforce the disbursement of the new naira notes by hoarding them in their bank vaults.
“We have been monitoring the dispensing of the new naira note, and the impression we had is not encouraging. We have visited some banks, and one of them was not dispensing the new naira notes,” he said.
-
Crime2 days ago
“Church Paid Me 30,000 For Every Woman I Killed” – Man’s Horrific Confession On Killing
-
News2 days ago
Father weeps as his 1st class graduate daughter dies in Rivers hospital during routine checkup
-
Celebrity Gossip & Gist2 days ago
“I trekked from Awoyaya to Oriental hotel in Victoria Island” – Singer Solidstar narrates ordeal with hard substance (Video)
-
News1 day ago
“This one worst pass ‘No’” – Lady rubbishes toaster who asked for her number (Watch)