Suffering continues for Nigerians as CBN refuses to obey S/Court judgment
Nigerians are yet to access the new and old Naira notes days after the Supreme Court order reverting the Central Bank of Nigeria (CBN) directive to stop its use as legal tender from Feb. 10. The Deposit Money Banks (DMBs) in Abuja have yet to show compliance as residents still lack access in spite of queuing for hours at Automate Teller Machines (ATM) and Point of Sales (POS).
Supreme Court on Friday legalized the use of certain denominations of old Naira notes as legal tender until Dec. 31.
A visit to some DMB branches in Abuja revealed that neither the old notes nor the new ones were available; not even the N20, N50, and N100 notes that were not redesigned.
A bank official, who pleaded anonymity, noted that the bank had not started paying out the old notes because there is no directive from CBN.
According to the official, we do not even have the old notes to pay out to customers and the CBN has not commenced the disbursement of the notes.
SOURCE- PM NEWS
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