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Queues: CBN directs banks to start cash payment across the counters

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The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter with immediate effect.

It, however, pegged maximum daily payout at N20,000.

Mr Osita Nwanisobi, the Director, Corporate Communications at the CBN, said in a statement that the move is to reduce the queues at ATMs and PoS points across the country.

He assured Nigerians that the queues being experienced nationwide will soon be a thing of the past.

“In line with this resolve, the Governor, Mr Godwin Emefiele, has directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000.

“We also admonish members of the public to embrace and adopt other payment channels for their transaction,” he said.

Nwanisobi said the CBN is partnering with the Nigeria Police, Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) to arrest the unpatriotic practice of hoarding the new Naira notes and the unregistered persons swapping the bank notes.

Meanwhile, Nigerians are still agonizing over their inability to access the new notes and the extra charges they are paying at Points of Sale (PoS) machines.

A middle-age man told Persecondnews in Abuja on Thursday: “I just came back from my POS agent and I’m exhausted.

“I discovered that most POS don’t have money while the other two agents said they will only give N3,000 and collect N200 as commission.”

Another Abuja resident who simply identified herself as Queen said: “I saw a POS operator who said he had both old and new notes. His charges are N100 per N1000 new note and N50 per N1000 old notes.”

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