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The Central Financial institution of Nigeria (CBN) has charged Nigerians to make sure they deposit the outdated N200, N500 and N1000 notes of their varied banks earlier than the Jan. 31 deadline.
Mrs Olufolake Ogundero, the CBN Department Controller in Oyo State, gave the cost on Thursday through the sensitisation programme held throughout markets within the state.
Recall that the CBN had launched newly designed N200, N500 and N1000 notes with a directive that each one outdated notes be out of circulation by Jan. 31.
The Information Company of Nigeria(NAN) studies that the apex financial institution’s sensitisation prepare which took off from the favored Dugbe market, went via Aleshinloye, Bodija, Gbagi and different main markets in Ibadan.
NAN studies that the sensitisation prepare can be anticipated to go to the markets within the 5 different zones of the state, particularly, Ogbomoso, Oyo, Ibarapa, Oke-Ogun I and Oke-Ogun II.
Ogundero mentioned that the sensitisation programme was geared toward enlightening the merchants on the brand new naira notes and why they have to deposit the outdated notes earlier than the Jan. 31 deadline.
She mentioned that the CBN had allotted lot of the brand new naira notes to the banks.
The department controller allayed fears of non-availability of the brand new naira notes in circulation, saying business banks had been instructed to load them within the Automated Teller Machines(ATMs).
Ogundero mentioned banks that didn’t adjust to CBN’s directive can be sanctioned.
“The Jan. thirty first continues to be the deadline for all Nigerians to deposit the outdated naira notes within the banks. The CBN is doing every thing inside its capability to make the brand new notes out there for banks to dispense via ATMs.
“The banks have been instructed to load the brand new naira notes in ATMs. We’re conducting spot-check to ensure that banks dispense the brand new notes via ATMs.
“We’ve visited some ATMs and I can guarantee you that banks which did not adjust to CBN directives can be sanctioned,” she mentioned.
Among the merchants who spoke to newsmen complained on the supply of the brand new naira notes, saying they weren’t in circulation as anticipated.
Alhaji Isiaka Onibode, a dealer at Aleshinloye market, referred to as on the CBN to increase the Jan. 31 deadline for the notes to flow into as anticipated.
He promised to additionally enlighten different merchants on the necessity to deposit the outdated naira notes earlier than the Jan. 31 deadline.
Additionally, Rahmon Adebowale, a dealer at Dugbe market, appreciated the great thing about the newly designed naira notes, however mentioned they was but to be nicely circulated.
“I’ve bought items this morning and was paid with outdated notes. I used to be within the financial institution yesterday the place somebody deposited the outdated naira notes.
“He was requested to withdrawal from the ATM to get the brand new notes,” he mentioned.
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