Olufemi Adeyemi
The Central Bank of Nigeria, CBN, has confirmed the evacuation of banknotes from its vaults to commercial banks across the country.
The CBN has also directed all commercial banks to open for
operation on Saturdays and Sundays.
Isa AbdulMumin, acting director, corporate communications
department of the CBN, disclosed this in Abuja, on Friday, March 24, 2023,
stating that a substantial amount of money, in various denominations, had been
received by the commercial banks for onward circulation to their respective
customers.
According to him, the CBN had directed all banks to load
their Automated Teller Machines (ATMs) as well as conduct physical operations
in the banking halls through the weekends.
“Branches of commercial banks will operate on Saturdays and
Sundays to attend to customers’ cash needs,” he noted, adding that the Governor
of the Central Bank of Nigeria, Godwin Emefiele, would personally lead teams to
monitor the level of compliance by the banks in various locations across the
country.
He, therefore, urged Nigerians to be patient as the current
situation would ease soon with the injection of more banknotes into
circulation.
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