FAAC, February revenue, CBN, naira notes

Long queues of bank customers, on Friday, thronged Automated Teller Machines (ATMs) of banks at the Federal Capital Territory (FCT) to collect the new naira notes.

The Central Bank of Nigeria (CBN) had given January 31 as the deadline for the use of the old N1,000, N500, and N200 naira notes.

At Access Bank located at the Central Business District in Abuja, a few customers were seen at the banking hall depositing old naira notes while the ATM spot was filled with customers withdrawing the new notes.

A customer, Benjamin Imashi, said although there were long queues in banks, citizens should endure to enable the government achieve their good aim.

On the extension of the deadline for the usage of the old notes, he said: “We do not want any extension.

“The timeline for the old notes is only three days from now. We do not have to bother about that because we are suffering fuel crisis, inflation, and they do not have timeline but this one has a timeline.

“We know that after January 31, we will have all the currencies we need.

READ ALSO: Traders, PoS operators reject old naira notes

“We have to support the CBN and Mr President because without this, the people who have hoarded money for election and other purposes will still bring the monies into circulation and that is what the CBN is fighting against.

“We have to make sacrifices so that we can get what we want. We do not want CBN to extend the deadline.

“If you extend it, you are giving room for the money hoarders to bring the monies back into circulation and the intention of the government would have been defeated,” Imashi told NAN.

A customer at Access Bank, Abdul Ishaka, said the bank’s ATM dispensed N20,000 of the new notes to him.

Isaka who said he moved from one bank ATM to the other in search of the new notes, urged other banks to join in making the collection easier for customers.

Another customer at Access Bank, Mrs Helen Takun, said the queues were frustrating and discouraging.

“The CBN and banks should make the new notes available for the people.

“Why must people go through stress at every policy they want to implement? People are willing to utilise the new money but it should be made available with ease,” she said.

A customer at First Bank, Central Business District, Angela Akatu, said she had stood on the queue for about an hour without collecting the notes.

She appealed to the CBN to disburse enough notes to the banks to reduce the stress faced by the masses.

A bank official, who preferred anonymity, said they were short of the new notes, adding that the bank was dispensing according to what they received from the CBN.

The Star



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