CBN New Note Deadline: C/River residents accuse bank managers of complicity

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Calling in on air FAD 93.1FM during the popular Early Morning Risers Show last week, Nigerians resident in Cross River have accused commercial bank managers of complicity in rendering the new Naira note unavailable to those in need NEGROIDHAVEN can report authoritatively.

According to them, managers of commercial banks were already guilty of colluding with their politician allies to make the new Naira note (legal tender of Nigeria) to be roundly unavailable to needy Nigerians.

According to the callers-in, when the CBN distributed the printed copies of the new legal tender, politicians consulted on their bank manager friends who gave them all the fiat currency in the new notes, a situation which in turn led to the unavailability of the new notes to customers.

As at last week, commercial banks at the counter and ATMs, were still issuing old Naira notes contrary to the expectations of Nigerians. According to the CBN, Godwin Emefiele, commercial banks were frustrating the apex bank as they were still issuing old notes.

Monday 31st January 2023 was the deadline fixed by Nigeria’s apex bank, CBN for the old notes to still be considered legal tender. However, in a U-turn, the CBN has stretched the deadline to 10th February this year.





This story amongst others are reviewed on Sparkling 92.3FM–2 and FAD 93.1FM. Again, opinions expressed on NegroidHaven are exclusively the author’s not NH’s.