Barely four days to the expiration of the deadline set by the Central Bank of Nigeria for old naira notes to fizzle out, banks across the country are running short of the new currency, Daily Trust can report.
The case is further worsened by the fact that commercial banks still give old notes to customers for Over- the- Counter Withdrawals (OTC) while very few Automated Teller Machines (ATMs) dispense the new naira notes.
A visit to some of the commercial banks in Abuja by Daily Trust showed that bank customers can only withdraw a maximum of N20,000 of the new notes while old notes are still being given to customers for withdrawals in the banking halls, against the directive of the CBN.
Daily Trust reported that the Central Bank of Nigeria (CBN) had directed customers to start rejecting old naira notes from banks, insisting that the old notes cease to be legal tender by January 31 as earlier stipulated.
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