Banks To Pay N1m Fine Daily Over Failure To Collect New Naira Notes

This section is all about banks, banking, products, services, news, trends and customer experiences
Comment
User photo
Jared
Verified
Answers: 5
Contact:

#1

 

Banks To Pay ₦‎1 Million Fine Daily Over Failure To Collect New Naira Notes

16763896_63caf142236ea_jpeg_jpeg041cef1eaa0c98fe94563b1293a469c7.jpeg

The Central Bank of Nigeria (CBN) has said that any commercial bank that fails to pick up the new naira notes for distribution will be fined N1 million daily, IGBERETV reports.

The announcement was made by Adeleke Adelokun, a deputy director at CBN, during a sensitization programme with traders on the new Naira notes at Ayegbaju International Market in Osogbo, the Osun state capital,…

Please login to view the rest of this post.
Share: Azaland DM Direct Message
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. 💰

This topic has 3 replies.

Please login to see topic replies.


Join Login
 
Post Reply
  • Similar Topics
    Replies
    Views
    Last post