The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has urged the Central Bank of Nigeria (CBN) to make clarifications on the deposit of old naira notes.
Despite the apex bank’s rebuttal, TheCable reported thatReacting to the development, Oluwole said the CBN must be clear on whether banks are to receive old notes to avoid problems.“The CBN needs to provide clarity because some banks are receiving, some are not receiving, and these are the things that could cause problems if they do not come out clearly and say, this is what is expected of everybody,” he said.
“Those are the things they need to come out with, clearly and publish it; put it on their website, twitter because normally, CBN issues notices and circulars.” This was after several meetings were held with various bodies and individuals to address recent bank branch attacks in some states, he said. “Our central working committee has also met to review these engagements and immediate implementation of some of the assurances by various stakeholders,” he said.
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