BREAKING: CBN Issues Fresh Directives To Banks On Redesigned Naira Notes


The Central Bank of Nigeria (CBN) has directed banks to pay redesigned naira notes over the counter.

CBN in a statement signed by its Director, Corporate Communications, Osita Nwanisobi, said: “The CBN has observed with grave concern, the activities of persons who sell the newly redesigned banknotes and those who flagrantly abuse the legal tender by hurling wads of Naira notes in the air and stamping on the currency at social functions.”

“We have equally noticed the queues at Automated Teller Machines (ATMs) across the country and an upward trend in the cases of people stocking and aggregating the newly introduced banknotes they serially obtain from ATMs for reasons best known to them. Also worrisome are the reported cases of unregistered persons and non-bank officials swapping banknotes for members of the public, purportedly on behalf of the CBN.”

More details later


One thought on “BREAKING: CBN Issues Fresh Directives To Banks On Redesigned Naira Notes

  1. Please,the CBN governor should call on all the casher in Polaris bank in Edo state to order,. it’s oblivion for a bank workers,such as casher and securities personnel to be withdrawing money melt for the general public and be selling it 3,000 for 15, you mean we have now turn slaves in our own country .

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