THE NATION
Banks are to blame for the scarcity of new naira notes, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday.
He said some of them have not complied with a directive to only load the new notes on Automatic Teller Machines (ATMs).
Emefiele said instead, the banks have been handing out bundles to individuals who spray them at parties.
Cash-strapped Nigerians have been toiling to withdraw money from ATMs across the country.
Banks have stopped issuing the old notes, which will cease to be legal tender on February 10, but the new notes have been scarce.
