• About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 1, 2025
  • Login
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Business

Customers decry banks’ inability to dispense old N200 notes

Chidiebere Nwobodo by Chidiebere Nwobodo
February 20, 2023
in Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Some customers of various banks in the Federal Capital Territory (FCT), have bemoaned the refusal of most banks to dispense the old N200 notes in spite of President Muhammadu Buhari’s directive.

President Muhammadu Buhari had on last Thursday directed the Central Bank of Nigeria (CBN) to allow the re-circulation of the old N200 notes into the economy. However, the recirculation would only be for 60 days and would cease to be a legal tender on April 10, 2023.

Some of them who spoke to NAN in Abuja on Sunday, alleged that banks were sabotaging the efforts of the CBN and the government toward actualising the currency swap policy.

Mr Tunde Ade, a bank customer, appealed to banks to stand up to their responsibilities to enable the policy work effectively.

”I went to my bank at Central Area to get some money for the family upkeep during the weekend but to my surprise, both the banking hall and the Automated Teller Machines (ATMs) were not functioning. I was told by other customers there that the bankers and security men locked themselves inside the banking hall and refused customers from coming in.

”This is not fair on customers. If not for anything, they should release the N200 notes and start dispensing to customers as directed by the president. I heard that First City Monument Bank (FCMB) is the only bank that issued the old N200 to customers but they said they have exhausted the ones they have,” he said.

Another customer, Mr Elvis Idika, commended Buhari for the directive on the re-circulation of the old N200 notes. Idika said the directive would help to ease the sufferings of the masses.

”I guess the president gave the directive because from what we have seen online, the people that hide monies only do that with the N500 and N1,000 notes. This is very commendable and we hope it will ameliorate the sufferings that people are currently facing,” he said.

Another customer, Mrs Aminat Abire, alleged that banks in other states were issuing the old N200 notes to their customers. She called on the CBN to make available the notes to banks and sanction anyone of them who refused to dispense them to customers.

Previous Post

Naira Redesign: CIBN Calls for Calm

Next Post

Five IPOB members killed as gunmen attack 3-3 Police Station near Onitsha

Next Post

Five IPOB members killed as gunmen attack 3-3 Police Station near Onitsha

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
Reps commend Niger govt’s efforts to curb banditry 
News

Reps commend Niger govt’s efforts to curb banditry 

by Hassan Tanko
July 1, 2025
0

The House of Representatives has taken a significant step towards addressing the security challenges in Niger State by commending Governor...

Read moreDetails
Insecurity: Nigeria’s 800-strong Elite force ready

Insecurity: Nigeria’s 800-strong Elite force ready

July 1, 2025
2027: Atiku, Mark woo PDP leaders to embrace coalition

2027: Atiku, Mark woo PDP leaders to embrace coalition

July 1, 2025
FCTA to build new INEC HQ in Abuja

INEC to introduce new rules on review, declaration, return at elections

July 1, 2025
NNPCL announces milestone on AKK Pipeline, records 100% crude oil pipeline availability 

NNPCL announces milestone on AKK Pipeline, records 100% crude oil pipeline availability 

July 1, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng