Enugu residents complain of rationalisation of new Naira notes in banks

Cross section of Enugu residents have complained of the rationalisation of new Naira notes despite Central Bank of Nigeria (CBN) assurance that the new Naira notes would flood the banks.

It would be recalled that the apex bank had assured while announcing the policy of the Naira note redesigned that the new redesigned Naira notes would be in large quantities in commercial banks from Dec. 15.

One of our correspondents who visited some commercial banks on Thursday in Enugu, observed that most customers were only given two pieces of the new Naira note in their withdrawal money.

It was observed that instead of the banks issuing the new Naira notes, they are still issuing bundles of old notes that are “so worn out” and “some even selotaped”.

Mr Cyril Madueke, a customer of a new generation bank along Zik Avenue, said that he came to the bank to drop his old notes and make some fresh withdrawal, “but to my surprise, I was still given the old notes”.

“This is not what the apex bank said initially, as I had it in mind that I am saying bye-bye to the old naira notes today.

“However, I am now going home with the same old note from the bank,” Madueke said.

Mr Jude Nweke, another customer in an old generation bank in Enugu, said that for the two times he withdrew money since Dec. 15, “it is only two pieces of the new Naira notes that were issued to me”.

“It is regrettable that only two pieces of the new naira notes were given to each customer to ‘top and garnish’ the bundle of the N1,000 old notes issued to them by the bank.

“I heard from the CBN clearly that people will start receiving the new redesigned Naira notes fully from Dec. 15 and it will definitely mark the end of issuing old notes by the banks,” Nweke said.

An Enugu-based trader, Mr Mike Onyeka, urged the apex bank and commercial banks to be “sure and specific” in what they want to do and be consistent with information they push out to the public.

Onyeka said: “We welcomed the new Naira redesign policy of the CBN with joy and open hands.

“We wish the policy formulators and implementers stick to the original plans and the information pushed out to the members of the public based on it.”