The Central Bank of Nigeria says it has distributed substantial money to commercial banks to ameliorate the suffering occasioned by the failed Naira policy.
This was disclosed in a statement seen by OduNews on Friday by the apex bank spokesperson, Isa Abdulmumin.
He said that a substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers.
He said the CBN had directed all banks to load their automated teller machines (ATMs) as well as conduct physical operations in the banking halls through the weekends.
“Branches of commercial banks will operate on Saturdays and Sundays to attend to customers’ cash needs,” the statement reads.
Abdulmumin said Godwin Emefiele, CBN governor, would personally lead teams to monitor the level of compliance by the banks in various locations across the country.
He urged Nigerians to be patient as the current cash shortage would ease soon with the injection of more banknotes into circulation.
