The Central Bank of Nigeria has licensed 400 money changers to make it easier for rural residents to exchange the newly redesigned notes.
This will allow more people to meet the January 31st deadline for the withdrawal of old notes from circulation.
Speaking at the palace of Elulu of Mopa, Oba Julius Folorunsho, on Thursday, the Kogi State branch controller of the Apex bank, Ahmed Sule Isah, said that people can visit any of the agencies to exchange their old notes for the newly redesigned ones, adding that an individual would be entitled to swap 10,000 at a time.
“People can also deposit their old notes into their accounts while those without bank account would be encouraged to open one at the point of the licensed Agents.”
According to him, “the aim was also to encourage cashless policy as people would also be encouraged to key into the e-payment system of the Apex bank.”
The Ex-Governor of the state, Chief Clarence Olafemi, who responded on behalf of the Elulu, however, pleaded with the CBN to consider an extension to the January 31st deadline, particularly for the rural dwellers.
“Our economy in this part of the state has already collapsed, people are no longer opening their shops, and those who manage to open are exploiting the masses, I am pleading with you to prevail on the management to consider the rural dwellers before setting the deadline since the redesigned policy is not aimed at punishing the people,” he said.
Main Source: Pulse
This will allow more people to meet the January 31st deadline for the withdrawal of old notes from circulation.
Speaking at the palace of Elulu of Mopa, Oba Julius Folorunsho, on Thursday, the Kogi State branch controller of the Apex bank, Ahmed Sule Isah, said that people can visit any of the agencies to exchange their old notes for the newly redesigned ones, adding that an individual would be entitled to swap 10,000 at a time.
“People can also deposit their old notes into their accounts while those without bank account would be encouraged to open one at the point of the licensed Agents.”
According to him, “the aim was also to encourage cashless policy as people would also be encouraged to key into the e-payment system of the Apex bank.”
The Ex-Governor of the state, Chief Clarence Olafemi, who responded on behalf of the Elulu, however, pleaded with the CBN to consider an extension to the January 31st deadline, particularly for the rural dwellers.
“Our economy in this part of the state has already collapsed, people are no longer opening their shops, and those who manage to open are exploiting the masses, I am pleading with you to prevail on the management to consider the rural dwellers before setting the deadline since the redesigned policy is not aimed at punishing the people,” he said.
Main Source: Pulse
Comments
The new notes are still no circulated
Bro is already in Circulation @Sam