Nigeria’s Central Bank To Sanction Banks Dispensing Old Notes 

Jan 20, 2023 · 1m 3s
Nigeria’s Central Bank To Sanction Banks Dispensing Old Notes 
Description

The Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, says the agency will go tough on banks that continue to fill their ATM...

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The Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, says the agency will go tough on banks that continue to fill their ATM machines with old naira notes as the deadline to phase out the notes nears.
He says the CBN was already monitoring banks that were still dispensing old naira notes from their ATMs.
The director says anyone caught selling the new notes or any denomination of the naira would be jailed.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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