Adetutu Adetule/Tawakalt Famuyiwa

Commercial banks in some parts of Ibadan have started paying the old N200 notes across the counter.

Radio Nigeria correspondent who visited some banks around the Dugbe axis of the metropolis observed that ATMs were not dispensing although people loitered around them.

A customer, Mr John Akinshola, said he was given the sum of N5000 in 200 cash over the counter.

Another respondent, Mrs Sharon Emeka said there had been progress in the cash swap policy due to the enlightenment of accredited PoS agents, while a customer, Mr. Femi Eriife said he was able to exchange his old naira notes without charges.

At Dugbe, many residents complained of the inability to exchange their notes due to the unavailability of the new notes, with some bank customers expressing concerns over the activities of persons who sell the newly redesigned banknotes.

Meanwhile, at the Central Bank Ibadan, people were sighted at the entrance wanting to deposit the old N500 and N1000 in line with the directive by the apex bank governor.

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