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Wednesday, May 22, 2024

Badaru chides CBN over scarcity of redesigned Naira notes

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Governor Muhammad Badaru Abubakar of Jigawa state has faulted the Central Bank of Nigeria, CBN, for failing to make available the redesigned Naira notes in commercial banks.

The Governor made the statement through the State commissioner for finance, Babangida Umar Gantsa while reacting to the hardship people are going through to deposit or withdraw their money.

He alleged that the CBN was withholding the redesigned Naira notes and causing unnecessary hardship for citizens.

“We even spoke with bank managers and they confirmed that the CBN is not giving them enough money.

“One manager of a bank told us that the CBN gave him only N2million.

“In one particular ATM, I counted over 250 people, people are sleeping there and some are spending hours of their work just to withdraw money for their needs. The banks are not loading enough money in their ATMs because the CBN is also not giving them money.

“I think the CBN is not ready for this exercise. They should go back to the drawing board and do the needful to ease the suffering of the common man.”

Babangida added that “even the naira swap and ten days extension announced by the CBN is going to be defeated.”

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