Gov Adeleke Frowns as Banks Reject Old Notes

By Funmi Adekoya

The Governor of Osun State, Senator Ademola Adeleke has decried the maltreatment of residents of the state by banks which refused to collect old currency notes even after paying customers with old notes.

In a statement issued by the Governor’s Spokesperson, Mallam Olawale Rasheed, the Governor lamented the pains and suffering of residents, narrating the many complaints of bank customers who accused the banks of refusing deposits of old notes.

Governor Adeleke said that he has received calls from Bank customers across the state stressing that the deliberate refusal of banks to collect old notes is creating serious economic hardship for residents of the state.

The Governor, therefore, called on the Central Bank of Nigeria to direct banks operating in the state to correct the anomalies, adding that if banks will not accept old notes as deposits, they should stop issuing old notes for withdrawal.