Tribune Online
  • Home
  • #NigeriaElections2023
  • News
  • Columns
  • Editorial
  • Entertainment
  • Politics
  • Health
  • Sports
  • Opinions
No Result
View All Result
  • Home
  • #NigeriaElections2023
  • News
  • Columns
  • Editorial
  • Entertainment
  • Politics
  • Health
  • Sports
  • Opinions
No Result
View All Result
Tribune Online
No Result
View All Result

Confusion as scarcity of new naira notes persists in Lagos

by Israel Arogbonlo
January 29, 2023
in Metro, Top News
Reading Time: 2 mins read
A A
naira notes Old currency deadline, Naira Notes Traders new notes Anambra ,Gov Zulum scarity of new naira notesCBN sensitises Edo traders , CBN New Naira Notes Old Naira Notes Deadline, CBN storms Plateau, New naira notes not bleaching, Traders protest sale, New Naira Notes

As the January 31st deadline to phase out old naira notes in Nigeria remains two days, many residents of Lagos are confused as to how and where to get new notes to make daily petty transactions.

It was gathered majority of commercial banks are still not dispensing new naira notes nor dispensing the old notes again on their automated machines (ATMs).  

 In view of this, many people are going from one bank to another in search of where they could make a cash withdrawal (even if it would be a small amount) from their ATMs but to no avail in many of the banks. 

Related Posts

Investigate INEC, not Emefiele, LP slams Tinubu

Reps-elect Agbese salutes Tinubu over Emefiele’s suspension

NPA commissions ‘state-of-the-art’ tug boats in Lagos

SUNDAY TRIBUNE observed at some areas in the metropolis particularly Abule-Egba, Ijaiye and Agege in both Ifako-Ijaiye and Agege local government areas of Lagos that many bank customers were not only disappointed but got frustrated that they could not get new naira notes from banks’ Automated Teller Machines (ATMs) contrary to CBN purported directive and claim.

Our correspondent, who visited some banks including Zenith Bank and Eko Bank both at Ijaiye bus Stop, Guaranty Trust Bank and First Bank at U-Turn and Access Bank, on Saturday, observed that the banks were operating to receive only the depositors of old Naira notes and not for any other business. 

Their ATMs galleries were with no money- either new or old notes.

It was only Eko Bank in that axis that had one of its ATM machines out of the numerous installed there dispensing new Naira notes with many people queuing for their turns. 

In most of the banks, however, customers have to show to the bank security guards their old naira notes they wanted to deposit before they were allowed into the banking halls to make their deposits. 

They said they would not want their banks to be crowded unnecessarily with people who had no business with them as they opened their doors only for people who wanted to deposit their old naira notes and within a specific time schedule. 

They said the old naira notes are still legal tender till next Tuesday.  

ALSO READ: POS agents frustrating new Naira note circulation in Bayelsa communities — CBN


Interestingly, many of the depositors came to banks to deposit as small as N2,000, or N3,000. 

They told SUNDAY TRIBUNE that the amount was all the money they had at home and they could not risk losing their money no matter how small should the deadline of CBN subsisted. 

They said it was only politicians and big-term businessmen that could have huge amounts of money as cash at home or somewhere else outside the banks and not the impoverished Nigerians who are in the majority. 

However, at Eko Bank, where only one ATM machine was dispensing new notes and with maximum of N10, 000 at a go, many people did not mind waiting for many hours before reaching their turns. 

They told our reporter that they just had to have some cash at hand at least for petty expenses for the weekend and particularly if traders won’t accept the old naira notes from them.



Tags: atmCBNlagosnew naira notes
ShareTweetSendShareShare
Previous Post

Kidney transplant: I took my health for granted —Eedris Abdulkareem

Next Post

Warji LGA residents laud Bauchi Governor on liberating communities

Most Read

  • [PHOTOS] Hilda Baci: Lady begins 120 hours cook-a-thon to break Guinness Records
    [PHOTOS] Hilda Baci: Lady begins 120 hours cook-a-thon to break Guinness Records
  • Real Reason Tinubu suspended Emefiele — FG
    Real Reason Tinubu suspended Emefiele — FG
  • 'You call me your daughter yet slept with me every night', Bobrisky's ex-PA reveals
    'You call me your daughter yet slept with me every night', Bobrisky's ex-PA reveals
  • DSS arrests suspended CBN Governor Emefiele
    DSS arrests suspended CBN Governor Emefiele
  • Tinubu signs first bill into law
    Tinubu signs first bill into law
  • 'A disaster he was', Shehu sani reacts to Emefiele's suspension
    'A disaster he was', Shehu sani reacts to Emefiele's suspension
  • Portable welcomes fifth child with Nollywood actress
    Portable welcomes fifth child with Nollywood actress
  • How Tinubu escaped 'poisonous knife', Shehu Sani opens up
    How Tinubu escaped 'poisonous knife', Shehu Sani opens up
  • Veteran Yoruba actress, Iya Gbonkan, receives car from fan
    Veteran Yoruba actress, Iya Gbonkan, receives car from fan
  • Why Northerners don’t call Tinubu ‘Jagaban’
    Why Northerners don’t call Tinubu ‘Jagaban’

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune

Frontpage Today

Editorial

EDITORIAL

Editorial
Opinion
Letters

BUSINESS

Capital Market
Money Market
Economy

ENTERTAINMENT

Friday Treat
Entertainment
Razzmattaz

REGIONS

South West
Niger Delta
Arewa

RELIGION

Tribune Church
Church News
Muslim Sermon
Eye of Islam
Islamic News
COLUMNS

Anike's Diary
Aplomb
Ask The Doctor
Autoclinic With The Mechanic
Awo's Thought
Borderless
Crucial Moment
Empowered For Life
Festus Adebayo's Flickers
Financewise
Gibbers
Intimacy
Language & Style
Leaders' Forum
Leadership & Management
Lynx Eye
Monday Lines
Mum & Child
Natural Health
Notes from Atlanta with Farooq Kperogi
On The Lord's Day
PENtagon
Political Panorama
Veritatem With Obadiah Mailafia
Voice of Courage
Whatsapp Conversation
You and Eye
Your Life Counts

WOMEN

Xquisite
Xquisite Food
Xquisite Style
Wondrous World of Women

MORE

Business Coach
Education
Event Digest
Crime & Court
Do It Yourself
Ecoscope
Property & Environment
Energy
Maritime
Aviation
Brands & Marketing
Agriculture
Info Tech
Labour
Leadership & Management
Achievers
Arewa Live
Arts & Culture
Arts & Reviews
Campus Beat
Politics
Health News
  • About Us
  • Contact us
  • Disclaimer
  • Privacy
  • Tribune Advertisement Rates

© 2023 Tribune Online - an online publication of African Newspapers of Nigeria Plc. All rights reserved

No Result
View All Result
  • Home
  • #NigeriaElections2023
  • News
  • Columns
  • Editorial
  • Entertainment
  • Politics
  • Health
  • Sports
  • Opinions

© 2023 Tribune Online - an online publication of African Newspapers of Nigeria Plc. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist