Nigeria’s Central Bank To Sanction Banks Dispensing Old Notes
Jan 20, 2023 ·
1m 3s
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Description
The Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, says the agency will go tough on banks that continue to fill their ATM...
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The Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, says the agency will go tough on banks that continue to fill their ATM machines with old naira notes as the deadline to phase out the notes nears.
He says the CBN was already monitoring banks that were still dispensing old naira notes from their ATMs.
The director says anyone caught selling the new notes or any denomination of the naira would be jailed.
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He says the CBN was already monitoring banks that were still dispensing old naira notes from their ATMs.
The director says anyone caught selling the new notes or any denomination of the naira would be jailed.
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| Author | Africa Business Radio |
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