Despite a Supreme Court ruling, the Central Bank of Nigeria has refused to roll out tattered N50 notes.
Naira scarcity has continued as some Nigerians could not figure out why the machines would print tattered N50 notes.Information Guide Nigeria
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaAccording to LEGIT.NG, Nigerians decried the policy and wonder why the government was treating its people this way.
Following the scarcity of the redesigned Naira notes, the CBN on Wednesday released bundles of N50 notes to banks who in turn dispensed same to customers. The customers, however, returned some very tattered notes back to the counters.
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The CBN had earlier fixed February 10th as the deadline for the old Naira notes to be completely phased out. It means that after the deadline, the old N200, N500, and N1000 will stop being legal tenders.
But three northern states, Kaduna, Kogi and Zamfara, had, in a motion ex-parte filed on February 3rd, prayed the apex court to stop the CBN’s naira redesign policy. Consequently, a 7-man panel of the Supreme Court presided over by Justice John Okoro, unanimously granted an interim injunction stopping the FG, CBN, commercial banks etc, from working with the February 10 deadline.NYSC portal
Customers who were stunned by the development of the release of the tattered Naira notes lamented the situation and rejected some of the notes.
According to LEGIT.NG, some customers believe that some politicians deposited the money recently, saying Nigerians are very wicked.
A bank staff who clarified that the monies were distributed by the CBN said: ” Look at the date stamp on the money. These notes have been lying wasted since 2018. We are in 2023 and the CBN is just releasing them.
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada“I believe the problem is from the CBN. How do they expect us to pay and sort this money? People are rejecting them, even me, as a banker, I can’t accept this money. They are terrible.”
A customer identified as Mr James Adahi said: ” We did not bargain for this. I’m a customer of this bank. I have been here since morning and when it is my turn to be paid, they are now counting N50 notes for me. How many of these notes will be useful for me? Sad!”
LEGIT.NG reports that almost all the banks visited in Abuja were paying out the tattered N50 notes to customers.
As at the time of this report, effort to speak with the CBN Director, Corporate Communications, Osita Nwanisobu failed.JAMB Result
