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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, on Friday, January 20.
Adelokun said;
“As at today, CBN has printed enough new naira notes of N200, N500 and N1,000.
“But, what we discovered was that most of the banks that are supposed to collec…
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