Stop Hoarding New Naira Notes – Adeleke Tells Commercial Banks

• Adeleke, has condemned the non-acceptance of old currency and urged banks to be compassionate by making the new notes available or continue accepting the old currency notes.

• Adeleke also called on banks in Osun State to reverse their policy of not receiving old notes and meet the demands of the people.

• He warned banks against encouraging insurrection against the government by citizens through unfair policies and actions

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EKO HOT BLOG reports that the Governor of Osun State, Ademola Adeleke has warned commercial banks operating in the State to desist from hoarding the new naira notes and rejecting the old currency.

Speaking via a statement issued on Wednesday by Olawale Rasheed, the spokesperson to the governor, Adeleke lamented the economic hardship caused by the cashless policy initiated by the Central Bank of Nigeria (CBN).

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The governor also called on all stakeholders to reach a consensus to put an end to the current hardships.

Adeleke condemned the non-acceptance of the old currency and urged banks to be compassionate by either making the new notes available or continue with accepting the old currency notes.

According to Adeleke, “I am pained by the current hardship inflicted on our people. Daily living has become a nightmare. All sectors of the society are witnessing untold hardship. I call on bank chiefs to have mercy on the poor, the middle class and even the rich.

“We must make the new naira notes available or we continue to accept old notes. We must stop punishing the citizens even when they commit no sin.”

Adeleke, while urging banks branches in Osun to be humane, warned against encouraging insurrection against the government by citizens through unfair policies and actions.

He also insisted that banks in the State must meet the demands of the people for the new notes.

FURTHER READING

• Possible Respite For Nigerians As Buhari Mulls Extending Validity Of Old Naira Notes – Report

• Lagos Govt To Prosecute Anyone Rejecting Old Naira Notes – Sanwo-Olu

• El-Rufai Gives Reasons For Rejecting Buhari’s Proposal To Extend Deadline For Old Naira Notes

“Those banks who have stopped receiving old notes must reverse that policy. Our people are being pushed to the wall,” he lamented.

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