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How Nigeria's Commercial Banks Are Hoarding New Naira Notes For Political Campaigns, Secretly Paying Politicians – Investigation

Commercial banks are now reserving the new naira notes for politicians for their campaigns while bank customers are told there is shortage or no availability of the notes, checks by SaharaReporters have revealed. SaharaReporters reports that politicians in Enugu State for instance have been issued bundles of new naira notes which they share to their supporters at the campaign rallies while at the banking halls, customers are given old notes and told there were no new naira notes.
Enugu State Abuja Federal Capital Territory Ahmed Umar Muhammadu Buhari National Orientation Agency Central Bank

Stop Putting Old Naira Notes In ATM Machines Or Face Penalty – Central Bank Warns Commercial Banks

The Central Bank of Nigeria (CBN) has warned commercial banks should stop putting old naira notes in its Automated Teller Machines or face a penalty. The CBN stipulated January 31, 2023, as the deadline for issuance and circulation of the old N200, N500 and N1,000 denominations of the country's currency following the introduction of new banknotes.
Abuja Federal Capital Territory Ahmed Umar Muhammadu Buhari National Orientation Agency Central Bank Automated Teller Machines

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