Customers Decry Banks’ Inability to Dispense Old N200 Notes

Nigerians in the Federal Capital Territory (FCT), have lamented over the refusal of most banks to dispense the old N200 notes in spite of President Muhammadu Buhari’s directive.Information Guide Nigeria

Recall that President Muhammadu Buhari on last Thursday directed the Central Bank of Nigeria (CBN) to allow the re-circulation of the old N200 notes into the economy.

He said the recirculation would only be for 60 days and would cease to be a legal tender on April 10, 2023.

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Mr Tunde Ade, a bank customer who spoke to NAN in Abuja on Sunday, alleged that banks were sabotaging the efforts of the CBN and the government toward actualising the currency swap policy.

”I went to my bank at Central Area to get some money for the family upkeep during the weekend but to my surprise, both the banking hall and the Automated Teller Machines (ATMs) were not functioning. I was told by other customers there that the bankers and security men locked themselves inside the banking hall and refused customers from coming in.NYSC portal

”This is not fair on customers. If not for anything, they should release the N200 notes and start dispensing to customers as directed by the president. I heard that First City Monument Bank (FCMB) is the only bank that issued the old N200 to customers but they said they have exhausted the ones they have,” he said.

Another customer, Mr Elvis Idika, said: ”I guess the president gave the directive because from what we have seen online, the people that hide monies only do that with the N500 and N1,000 notes. This is very commendable and we hope it will ameliorate the sufferings that people are currently facing.”JAMB Result

THE AUTHORITY reports that another customer, Mrs Aminat Abire, said banks in other states were issuing the old N200 notes to their customers.

Mrs Aminat Abire called on the CBN to sanction anyone of them who refused to dispense them to customers.

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