Adeleke
Old Notes Deposit: Call Banks to Order, Gov Adeleke tells CBN
Old Notes Deposit: Call Banks to Order, Gov Adeleke tells CBN
Osun State Governor, Senator Ademola Adeleke, has condemned the refusal of commercial banks to collect old currency notes even after paying customers with old notes.
In a statement issued on Sunday, the State Governor lamented the pains and suffering of residents, narrating the many complaints of bank customers who accused the banks of refusing deposits of old notes and the attendant negative consequences on the populace.
The State Governor, Senator Ademola Adeleke, has received several calls from Bank customers across the state. The deliberate refusal of banks to collect old notes is creating serious economic complications for residents of the state. For the banks to issue old notes and refuse to accept old notes as deposit is highly unacceptable.
Consequently, Governor Adeleke asked the Central Bank of Nigeria to direct the banks operating in the state to correct the anomalies.
The state director of the CBN is specifically requested to direct the banks to halt this unhealthy practice.
“If banks will not accept old notes as deposits, they must stop issuing old notes for withdrawal. The current pain being inflicted on our people must stop,” Governor Adeleke stated.
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