Redesigned Naira Notes: Group To Monitor Banks’ Compliance With CBN’s Directive
By Chinwe Onuigbo, Awka
A civil society organisation, National Coalition On Improved Service Delivery (NACOISED) says it is set to embark on monitoring deposit banks’ compliance with the recent CBN’s directive to them to dispense only new 200, 500 and 1000 Naira notes.
Its Coordinator, Azor, made the announcement while speaking with newsmen in Awka, Anambra state.
He stated that the group observed that some banks are not complying with CBN’s directive and this has led to panic and anxiety among citizens.
“Considering the fact that CBN authorities have vowed not to extend the date, citizens are getting worried and desperate.
“Since many rural communities do not have banks or ATMs to dispense the new notes, you can imagine the fate that awaits such citizens who may still have the old notes in their possession, by the 31st January, 2023 deadline” he said.
The group promised to continue the exercise until affected citizens succeed in exchanging the old Naira notes with new ones.
