ATMs now dispensing new notes in Lagos

fa new naira x
fa new naira x

By Lydia Ngwakwe

The Central Bank of Nigeria (CBN)’s plan of ensuring that Nigerians have access to its newly-redesigned naira notes via the ATMs is becoming a reality as many ATMs around Lagos Island now dispense the new notes.

The News Agency of Nigeria (NAN) reports that CBN on Thursday monitored some banks on Lagos Island and their ATMs to check the level of compliance with the directive to lodge the newly-redesigned notes in their machines.

The apex bank had given a directive to banks to stop paying with old notes (N1,000, N500 and N200), over the counter so as to enable customers to have access to the new notes even when banking halls are closed for business.

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Twelve days to the deadline after which the old notes will cease to be legal tender, the apex bank’s team who visited some banks around Tinubu Square expressed satisfaction at the level of compliance.

The CBN Governor, Mr Godwin Emefiele, had said that the Jan. 31 deadline remains sacrosanct.

He called on commercial banks to approach the apex bank branches across the country to pick up the new naira notes as some of the conditions for accessing currency notes have been waived in order to accommodate the banks.

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