Connect with us




Top Stories

Shehu Sani Reveals Why Banks Are Refusing To Dispense New Naira Notes Despite CBN’s Warning

Published

on

A former lawmaker, Senator Shehu Sani has alleged that banks are hoarding the new naira notes because of the February elections.

CityNews Nigeria reports that there have been complaints over the scarcity of the redesigned notes as banks continue to dispense old ones.

The Central Bank of Nigeria (CBN), which had given January 31 as the deadline for the old notes to phase out, urged customers to persuade banks for the new notes.

Speaking on the situation, Sani, in a tweet on Saturday alleged that the politicians are conniving with banks to hoard the new notes for the February election.

According to him, the refusal of the banks to release the notes has defeated the ultimate aim of the redesigning.

Advertisement

READ ALSO:   BREAKING: BRT Bus With 45 Passengers On Fire In Lagos

He wrote, “Banks are hoarding the new currency from the public with the intent of making it available for politicians next month to be able to buy votes.

“The ultimate aim of redesigning the national currency is defeated”.

 

Advertisement

Top Stories2 hours ago

Breaking: ICPC Arrest Ex-JAMB Registrar, Dibu Ojerinde

Top Stories2 hours ago

Shehu Sani: APC’s failures making things difficult for Tinubu 

Entertainment5 hours ago

Portable Calls Out His Second Wife For Cheating On Him, Shares Evidence

Entertainment5 hours ago

Nigerian celebrities react to Portable’s second wife alleged affair

Top Stories5 hours ago

BREAKING: US Speaks On Having Preference For A Presidential Candidate

Politics6 hours ago

Tinubu: Atiku’s Plan To Come Betweeen The President And I Will Fail

News6 hours ago

Breaking: CBN Bans Dollar Charges On Domestic Transactions

Top Stories7 hours ago

2023: Tinubu Has No Plan To Tackle Insecurity In The North – Najaatu Mohammed Makes Shocking Revelation

News8 hours ago

AS FIRS UNDER NAMI JUMPSTARTS THE ECONOMY

Top Stories10 hours ago

Yemi Alade Reacts After Claims She’s Expecting First Child With Togolese President Emerged

Politics10 hours ago

2023: Fani-Kayode alleges plan to scuttle election through new Naira notes, fuel scarcity

Entertainment10 hours ago

Nollywood: Toyin Abraham beats Funke Akindele, becomes highest grossing female actor for 2022

News10 hours ago

Tinubu: Naja’atu Mohammed Reveals What Northerners Are Planning For APC Presidential Candidate

Top Stories11 hours ago

2023: ‘Sick’ Tinubu Told To Withdraw From Presidential Race

Business and economy11 hours ago

Over 50 Million Naira Up for Grabs in the Upcoming Union Bank Save & Win Palli Promo Finale and UnionKorrect Draws

Also Read...