Residents of Ibadan, the Oyo State capital, today besieged banks’ Automated Teller Machines, ATM points with excitement to withdraw new naira notes but were disappointed as they were paid with the old notes. 

Our Correspondent, Olukemi Akintunde who moved around commercial banks and ATM points in the Dugbe axis to ascertain compliance with CBN’S policy on the circulation of new naira notes with effect from Thursday 15th December, reports that customers were seen making transactions with the old naira Notes instead of the new one.

Some customers at the ATM point who were anxious to withdraw new notes alleged that commercial banks were hoarding the new notes.

“One of the residents said, “Am not surprised this is  Nigeria, the  apex bank that promised the new naira notes in circulations today  had failed because this is almost noon and am yet to receive new notes.” 

“This is my second bank ATM point today and am yet to get new naira notes”. She said

“Another customer complained that commercial banks will not give them rather for those who are in the naira mint business “

They appealed to Apex bank to monitor the compliance of commercial banks on the policy. 

In an interview with security personnel of a commercial bank at the ATM point who craved anonymity said the machines were pre-loaded with old notes the previous day, hence the reason for dispensing the old notes.

“If you want new notes, you will get it at the counter, even someone gave me one thousand naira this morning as a gift. “

A commercial bank staff, who does not want her name mentioned explained that they were unable to pay with New notes because the CBN was yet to hand over the new notes to their branch, stating that customers would get the new notes as soon it is handed over to them. 

Olukemi Akintunde

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