JUST IN: Reps summon banks over new naira notes scarcity - Punch Newspapers

Soli noted that the CBN was insisting on the January 31 validity deadline for the new N1,000, N500 and N200 notes despite that Nigerians have limited access to them.had reported on Monday that eight days to the January 31 deadline, banks’ Automated Teller Machines in Lagos, Abuja, and other parts of the country were still dispensing the old notes.

Despite the CBN and depositing banks’ assurances that Nigerians would begin to receive the new naira notes from ATMs across different platforms, findings as of Sunday showed that many ATMs belonging to the financial institutions were dispensing the old notes. The House had in December summoned Governor of the CBN, Godwin Emefiele, over the latest policy by the apex bank which, among others, set limits to cash withdrawals from banks and other financial institutions.

After Emefiele failed to appear before the House on two occasions, the lawmakers had instead grilled Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, who led the Committee of Governors before the lawmakers.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

You see these foncused Reps? Is this summons not an exercise in futility? It's a fact that cenbank's timelines were unrealistic and banks don't have the new notes while GodwinIEmefiele refused to honour your summons. Besides, shebi SSS is missing in action again. Kontinu

Banks have sold the new notes to the politicians who will in turn use the new notes to buy votes from the suffering masses on election Day....

According to CBN, 31st January is sacrosanct. Thieving politicians should release stolen monies in their vaults and stop whinging.

The are toothless bull dog. CBN will not honour them.

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