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FinanceNews

Banks in Ibadan dispense old naira notes to customers

Following the directive of the Central Bank of Nigeria, commercial banks in different parts of Ibadan have started accepting old naira notes from customers.Information Guide Nigeria

The banks were all paying out old naira notes to customers at some commercial banks including, First bank, UBA, Access bank, Union bank, FCMB, Ecobank, Sterling Bank, Polaris bank, Stanbic Bank and Gtbank.


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NIGERIAN TRIBUNE reports that though there are still large crowds at banks, many commercial banks were seen paying out old naira notes to customers except Fidelity bank, which claims it couldn’t pay out money because old naira notes are no longer available in the bank.NYSC Portal

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Automatic Teller Machines, ATMs of Gtbank and Stanbic, and Ringroad branch were seen dispensing cash to customers.

An Ecobank customer, Mrs Abibat Shittu in an interview stated that she received a sum of #20,000 old naira note and has been orientated to spend and accept it as long as it remains legal till 31st December.JAMB Result

NIGERIAN TRIBUNE reports that visits to shopping malls such as Foodco, revealed that the mall has started accepting the old naira notes.

A plantain seller at Challenge market, Ibadan, Mrs Funmi Olaiya also added that she started accepting the notes after she couldn’t make sales because customers patronizing her only have old naira notes on them.

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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