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Emefiele Confirms Banks Are Hoarding New Naira Notes As CBN Embarks On Cash Swap Exercise In Delta
The CBN Governor who was represented by Mr Sunny Daibo, the leader of the surveillance of the apex bank, said that the new notes have been deployed to all banks across the country but reports indicates that some banks are hoarding the notes.
Daibo who is also the CBN Deputy Director of Finance who said that the essence of the cash swap exercise was to ensure the new notes gets to Nigerians, said that the exercise would also encourage those without bank account to open one.
The team leader who expressed displeasure over the attitude of the people embracing the cashless policy of the federal government, said that there would be no extension of the deadline on the deposition of the old Naira notes.
“As at today, no going back on the Jan. 31 deadline. Take your money to the bank and do your transaction online.
The team would also visit churches on Sunday to enlighten worshippers on the essence of the cashless policy.
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