Gombe, Feb. 7, 2023 – Some officials of the Central Bank of Nigeria (CBN) and the Economic Financial Crimes Commission (EFCC) searched some banks in Gombe on Monday to enforce compliance with CBN directives on naira swap.
The banks visited included Polaris, Keystone, Zenith, Unity, Heritage, First Bank, Access, UBA and Union Bank.
The CBN team was led by Yusuf Philip-Yila, the Director of Development Finance Department.
Philip-Yila said the monitoring exercise was to guard against violation of CBN guidelines as well as address challenges militating against cash circulation in the state.
The CBN director said that the visit was also to caution banks against any attempt to sabotage the circulation of the new notes in Gombe.
He said that some challenges observed in some banks during the visit, especially with cash payment through the ATMs, were addressed.
The CBN director said the management of the banks were engaged on the payment of the new bank notes through the ATMs, stressing that more new banknotes had been made available to commercial banks to improve the ease their transactions and make new banknotes more readily available to residents.
“We are enforcing the directive of the Governor, Mr Godwin Emefiele, who has directed banks to commence paying customers new naira notes over the counter subject to a maximum daily payout limit of N20, 000,” he said. (GBN)
