The Central Bank of Nigeria (CBN) on Thursday issued a new directive to commercial banks on swapping old naira notes for new notes.
The apex bank in a statement released on Thursday directed commercial banks to start paying the redesigned naira notes to customers over the counter.

Naija News learnt that the CBN Governor, Godwin Emefiele, said the new directive was to alleviate the challenges that Nigerians are experiencing with getting access to the new notes.

He further stated that the new directive will reduce queues at the automated teller machines (ATMs) nationwide.


The statement which was signed by the Director of Corporate Communication, Osita Nwanisobi reads, “We have equally noticed the queues at Automated Teller Machines (ATMs) across the country and an upward trend in the cases of people stocking and aggregating the newly introduced banknotes they serially obtain from ATMs for reasons best known to them.

“Also worrisome are the reported cases of unregistered persons and non-bank officials swapping banknotes for members of the public, purportedly on behalf of the CBN.

“We wish to state unequivocally that, contrary to the practice of these unpatriotic persons, it is unlawful to sell the Naira, hurl (spray), or stamp on the currency under any circumstance whatsoever.”


The statement quoted Section 21(4) which states that “It shall also be an offence punishable under
Sub-section (1) of this section for any person to hawk, sell or otherwise trade-in
the Naira notes, coins or any other note issued by the Bank.”

Nwanisobi said the CBN is collaborating with the Nigeria Police, Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) to address the unpatriotic practice.

He warned Nigerians, particularly those at social functions such as birthdays, weddings and funerals, to desist from disrespecting the naira or risk being arrested by law enforcement agencies.


He also admonishes members of the public to embrace and adopt other payment channels for their transactions.

Source: https:///Breaking-CBN-Issues-New-Directives-On-New-Naira-Note

Super story

Hope they've made enough of the new notes available to the banks now

“Also worrisome are the reported
cases of unregistered persons
and non-bank officials swapping
banknotes for members of the
public, purportedly on behalf of
the CBN.

Solve the above and half the problem of cash is gone!

Great!!!Emefiele is working. Tinubu is crying

This is long overdue. Meanwhile some politicians have started piling up the new Notes for the general elections. The apex bank should track the distribution of the new Notes.

Emefiele wants Nigerians to adopt new payment system by fire by force...

Make the Naira available is all we want, either through ATMs or POS terminals.

All we are saying...make naira available, people are suffering unnecessarily

.

After listening to ikenga ugochinyere s esposure of hope uzodinma today, it is now very clearer to say that APC is using Asari Dokubos gang to cause havoc in the entire south east especially imo state where they have upper hand, and they will tell the media to label theur activities as unknkwn gunmen
or esn members.

Hope uzodinma and asari Dokubo is supporting bola tinubu of APC, the the esposure ikenga ugochinyere made last December on how hope and his men wants to rig election in imo state and Nigeria at large, they now want him eliminated

Ndi Igbo saa nu Anya, Asari Dokubo has a contract from this government to be killing our people, reason why he cannot be arrested after showcasing his gunmen with arms