New Naira: CBN takes sensitization to Religious institutions, Markets

New Naira: CBN takes sensitization to Religious institutions, Markets

The Nigeria apex bank, the Central Bank of Nigeria, CBN has taken its sensitization campaign on the New Naira redesign policy to markets and religious institutions in Umuahia, Abia State calling on traders and the public to deposit their old notes at the banks before the January 31st deadline.

Speaking respectively during CBN’s sensitization
programme at the Ubani Ibeku market in Umuahia, as well as the mosques and churches, the Director of Corporate Communications, CBN Abuja, Osita Nwanisiobi emphasized that
January 31st deadline for the receipt of old naira notes by banks remained sacrosanct.

He noted that Banks have been asked to come and pick up the new naira notes from the apex bank, revealing further that the cash withdrawal limit from ATM machines has been increased from twenty thousand to one hundred thousand naira.

While stating that CBN introduced the new naira notes to check counterfeiting, Nwanisiobi added that the money circulating out of the banking system is also affecting the economy.

He said that the team visited some of the commercial banks and observed with dismay that some of them have not collected the new naira notes assigned to them.

Nwanisiobi warned the apex bank will sanction any commercial bank found to be flouting CBN directives to load their ATMs with the new naira notes.

“We ordered banks not to give the new naira notes from the counter, but load them in the ATMs for people to have access to them”

Speaking also, the State Director of National Orientation Agency, NOA, Mrs Chibuogwu Edede, represented by Mr Goddy Onwuchekwa said the agency will continue to support CBN to enable the message get to the rural people.

In their separate remarks, the Vice chairman of Ubani market, Chief Chikaodi Chukwunyere and State Secretary of Christian Association of Nigeria, CAN, Engineer Okechukwu Mgbeahuru, appreciated the apex bank for bringing the sensitization down to their doorsteps, and promised that they will assist circulate the message to their members.

Meanwhile, the team took time to distribute fliers and entertained questions from people during the sensitization outreach.


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