New naira deadline: CBN monitors compliance in A’Ibom



The Central Bank of Nigeria has begun moves aimed at ensuring that banks in the country keep to the January 31 deadline for the circulation of old notes throughout the country.

In keeping with the directives, the apex bank branch in Akwa Ibom State, on Thursday dispatched a team of its personnel to various commercial banks in the Uyo metropolis to monitor compliance across the state.

Our correspondent who monitored the exercise reports that while two of the CBN teams visited various banking locations in different streets in the state, the third team visited some markets to sensitise market women on the CBN policies.

The banks visited include the First Bank of Nigeria, Zenith Bank, Access Bank, Fidelity Bank, Guaranty Trust Bank, United Bank for Africa, and Union Bank of Nigeria, all located at banking layout, Udo Udoma avenue.

Others visited include Unity Bank, Access Bank, the FBN, Ecobank and Wema Bank all located on the Aka Road, Uyo, the state capital.

Another group visited Sterling Bank, Zenith Bank, the FBN, the UBN, the UBA, Globus Bank, SUNTRUST bank, Keystone Bank, Access Bank, Polaris Bank, the GTB, First City Monument Bank, and Fidelity Bank, all on Abak road.

Our correspondent reports that while most of the banks visited had started complying with the new directives, a few others had yet to fully comply as some customers were complaining of lack of cash.

A customer with one of the banks at the Banking layout, Udo Udoma Avenue, who identified himself as Eyo Ekerendu, a retiree, expressed dissatisfaction over the delay (in withdrawing new naira notes), adding that he had been around since morning but could not withdraw through the Automated Teller Machine.

“I have been around since morning but I can’t withdraw because they are telling us that there is no cash,” he said, calling on the officials of the CBN to address the issues.


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