The Central Bank of Nigeria has revealed how a commercial bank mismanaged about N4 million of the new naira notes in Ogun State.The Deputy Director, Banking Supervision Department, CBN Lagos, Kayode Makinde, disclosed this on Tuesday, during an interview with newsmen in Abeokuta, the Ogun State capital.
The CBN team leader asked Nigerians not to blame the CBN for the scarcity of new naira notes, but the commercial banks. “We came across one of the commercial banks that couldn’t account for almost four million naira of the new notes and appropriate sanction will be placed on them,” Makinde stated. Makinde said the bank officials were asked that instead of trying to ration the new notes, the should upload the ones they have and contact their Central Cash Management Unit, which has direct access to CBN.
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