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CBN engages POS agents to beat new notes deadline

The Central Bank of Nigeria CBN, says plans have been concluded to engage services of major POS operators across the country to commence issuance of the new naira notes as deadline for deposit of the old currency approaches.

The move follows complaints by Nigerians of inadequate supply of the redesigned naira notes in banks and in circulation

Governor of the Central Bank, Godwin Emefiele announced this at the end of a three day sensitisation campaign in lafia the Nasarawa capital.

Represented by the Director security services, Atiku Mohammad, the CBN governor said the measure was aimed at making accessible deposit points for the old notes and receiving the new ones immediately and reaching out to the rural populace that are yet to open an account.

Mr Emefiele, explained that there was no going back on January 31 deadline for deposit of the old naira notes despite of calls for extension, emphasized that the CBN had distributed enough new notes to banks to issue to customers.

He reminded market women and men who are yet to open an account to do so without delay as the world was becoming Internet-driven and cash money would sooner or later be regarded as old fashion.

CBN Controller, Lafia Branch, Shehu Yakubu advised those without bank account to go and open one for easy business transaction.

Most of the marketers that spoke at the event appealed for extension of deadline for deposit of the old naira notes to enable those at rural areas to do so.

Reporting by Yusuf Usman; Editing by Julian Osamoto