Subscribe to RSS headline updates from:
Powered by FeedBurner

play_arrow

Politics

11 | 13 CBN will fine banks ₦1million daily for not issuing new notes

micRadio Apprentice todayJanuary 21, 2023 11

Background
share close
  • cover play_arrow

    11 | 13 CBN will fine banks ₦1million daily for not issuing new notes Radio Apprentice


Emefiele warned that any commercial bank that failed to issue the new naira notes to customers would be fined N1 million on a daily basis.

The CBN governor, who was represented by the apex bank’s Deputy Director, Adeleke Adelokun, issued the warning at a sensitisation on the new naira notes organised for market women in Ayegbaju International Market, Osogbo, Osun State.

He said that the apex bank had printed enough naira notes to serve Nigerians.

“As of today, CBN has printed enough new naira notes of N200, N500 and N1,000.

“But, what we discovered was that most of the banks that are supposed to collect the new notes have not collected them. So we have put a sanction on the banks.


PoliticsRadio Replay

Rate it
0%