Old Naira : long queues persist at banks in Anambra inspite CBN's directives

As the use of the old naira notes is gradually returning in Awka, following the Central Bank of Nigeria’s (CBN) directive to banks to issue and receive the old notes, long queues for withdrawal have persisted. The Supreme Court on March 3, ordered that the old N200, N500, N1,000 notes remain legal tender and would be in circulation till Dec. 31. A check at some banks at Zik’s Avenue, UNIZIK Junction, Regina and Aroma areas of Awka, on Friday, saw many people on queues waiting patiently to withdraw the new or old naira notes from their accounts. It was discovered that some of the Automated Teller Machines (ATMs) in major parts of Awka, were not dispensing naira notes while there were long queues at few ATMs dispensing. although many banks in Awka were paying customers between N3,000 and N5,000, over the counter, some complained about shortage of cash to pay. A bank official, who pleaded anonymity, said that there was scarcity of cash because of too many cash withdrawals and zer...