In a bid to ameliorate the plight of Nigerians who are finding it hard to get the redesigned currency, the Central Bank of Nigeria (CBN) has directed commercial banks to begin payment of the new notes to customers over the counter.
This was contained in a statement signed by the Bank’s Director, Corporate Communications, Osita Nwanisobi on Thursday.
“We, therefore, warn Nigerians, particularly those at social functions such as birthdays, weddings and funerals, to desist from disrespecting the Naira or risk being arrested by law enforcement agencies,” the bank said.
“While reiterating our commitment to Nigerians to ensure the effective distribution of the newly introduced Naira banknotes, we urge them to exercise patience as the CBN is working assiduously to address the challenge of queues at ATMs.
“In line with this resolve, the Governor, Mr Godwin Emefiele, has directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000,” the statement read.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
PDP, APC Fight Over Buhari’s Visit To Kano
THE leading political parties in Nigeria, All Progressives Congress (APC) and the Peoples Democratic Party (PDP), traded blames, on Monday over the attack on the convoy of President Muhammadu Buhari in Kano…
Presidential Candidates Will Tell Workers Their Plans For Fuel Subsidy —NLC President
After 35 years in various leadership positions in trade union service, the President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, will finish his eight-year tenure on February 8, 2023, as the Congress elects a new president that will pilot its affairs. As part of his preparation to hand over NLC leadership to the next president…
Ojuelegba Tragedy: Sanwo-Olu Orders Speed Trial Of Truck Owner, Driver
Lagos State Governor, Mr Babajide Sanwo-Olu, has directed the police to speed up their investigation of the container accident, which occurred on Sunday at Ojuelegba area of the state, killing nine people, saying that the driver of the truck and the owner, who were currently in police custody, must be prosecuted…
Real Madrid, Barcelona set to light up Copa del Rey in semifinal clash
Real Madrid will get a chance for revenge against Barcelona when the Spanish teams meet in the Copa del Rey semifinals. The rivals were paired together in Monday’s draw, which also set up a semifinal match between Athletic Bilbao and Osasuna…
FLAT OUT: Tinubu And The Ways Of The Wasp
There are two insects in Yoruba cosmology that are similar. But they are very distinct. One is oyin (bee). The other is agbon (wasp). Both equally sting in their unique ways. Oyin, for instance, is less aggressive and stings only when it is threatened…
EDITORIAL: Police Invasion Of UNIZIK Private Hostel
LAST week, there was apprehension and outrage among the students’ community of the Nnamdi Azikiwe University, Awka, Anambra State, as policemen attached to the Special Anti-Cult Unit of the Anambra State Police Command reportedly broke into Prince Godwin Lodge…
and then