Economy

CBN Denies Authorising Commercial Banks to Collect Old #500, #1, 000 Naira Notes

By Web News 648

The Central Bank of Nigeria, CBN, has denied reports circulating on the social media that it has asked deposit money banks to collect the old N500 and N1,000 banknotes.

In a statement on Friday, CBN, Director of Corporate Communications, Osita Nwanisobi said, the apex bank has not authorized any bank to receive the deposit of old 500 and 1,000 naira notes.

In line with President Muhammadu Buhari’s national broadcast on Thursday, it restates the order that, the CBN is only reissuing and recirculating the old N200 bank notes and which is expected to circulate as legal tender for 60 days up until April 10, 2023.

The CBN however advised members of the public to disregard any message or information that is not formally released by the bank on this subject.

PR/Taiwo Akinola

Economy

Bank Shuts ATMs over Attack on Staff, Customers Lament Debit Errors

By Web News 723

By Olaitan Oyè-Adeitan

Following the attack on one of its staff at its branch located at Challenge Ibadan, Oyo State on Monday, a popular commercial bank, on Tuesday, shut its ATMs against its customers in all its branches in Ibadan.

Our Correspondent gathered that some customers had besieged the bank on Monday to complain of debit errors, including almost one million naira.

The customers were however angry over alleged provocative utterances and reaction from a staff of the bank.

Radio Nigeria gathered further that the development generated protest from the aggrieved customers, causing pandemonium in the banking hall.

The angry customers almost beat up the bank staff, raining curses and threatened more spiritual and physical attacks.

However, in some of the branches of the bank visited, bank officials were seen attending to customers with debit errors on their accounts.

In an interview, some customers of the bank who were waiting at the entrance of the, appealed to the bank management to temper justice with mercy.

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Economy

Commercial Banks Shut out Customers in Parts of Ibadan

By Web News 919

Some banks did not open for business today in lbadan the Oyo state capital throwing customers into confusion and panic.

Radio Nigeria observed that customers were sitting or standing around some Banks in Gbagi, Old lfe road, Mokola, and Dugbe areas of lbadan.

Customers expressed disappointment at the situation saying it would hinder them from buying all the essentials needed for the stay at home injunction.

The people called on the government to intervene to make life convenient for them.

Anthonia Akanji