We’ve Evacuated Banknotes to Commercial Banks—CBN

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By Muhammadu Sabiu

The Central Bank of Nigeria (CBN), has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to facilitate the circulation of banknotes of various denominations.

The CBN’s acting director of corporate communications, Dr. Isa AbdulMumin, made this declaration on Friday in Abuja. He stated that the commercial banks had received a sizeable sum of money in a variety of denominations for distribution to their respective customers.

He claimed that the CBN had ordered all banks to operate physically in the banking halls and load their automated teller machines (ATMs) on weekends.

He was quoted as saying, “Branches of commercial banks will operate on Saturdays and Sundays to attend to customers’ cash needs.”    

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