Close Menu
Chronicle.ng
    Trending Stories
    Tinubu sacks Mele Kyari as NNPC CEO, others, chronicle.ng

    Arrest Mele Kyari, launch public judicial probe, CNPP, CSOs tell Tinubu

    July 1, 2025
    Gunmen strike Benue again, abduct 11 passengers

    Gunmen kill 13 in Anambra

    July 1, 2025
    Tammy Abraham scored Roma's opener from the penalty spot

    Tammy Abraham set for Besiktas move as Turkish giants confirm transfer talks

    July 1, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Arrest Mele Kyari, launch public judicial probe, CNPP, CSOs tell Tinubu
    • Gunmen kill 13 in Anambra
    • Tammy Abraham set for Besiktas move as Turkish giants confirm transfer talks
    • Troops kill 10 terrorists near Nigeria-Cameroon border, recover arms
    • Paetongtarn Shinawatra: Thai prime minister suspended over leaked phone call
    • Arsenal sign Kepa Arrizabalaga from Chelsea
    • Trump threatens to deport Musk
    • Lagos monarch sacks six chiefs for attending Labour Party campaign
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Tuesday, July 1
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    Naira: Banks still hoarding cash, customers stranded

    Opalim LiftedBy Opalim LiftedMarch 7, 20231 Comment2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Old\new naira scarcity hurts daily living, businesses
    Facebook Twitter WhatsApp

    Despite the Supreme Court ruling over old and new naira notes, commercial banks in some Federal Capital Territory (FCT) satellite towns had not yet begun accepting cash payments, leaving customers stranded and angry.

    According to a newsmen correspondent who observed banks in Nyanya, Mararaba, and Karu in Abuja on Tuesday, none of the banks have begun paying customers in person or using ATMs (ATM).

    The old N200, N500, and N1000 banknotes were still considered legal tender until December 31st, according to the apex court, which overturned the ban on their use on Friday.

    Security guards are still stationed at the gates of the banks, barely allowing the throngs of disgruntled clients to enter the banking hall one at a time.

    Some of the customers who spoke with newsmen said the current development in banks was frustrating.

    A customer seen at Zenith Bank, Mr Isa Abdullahi, said: “I have been here since 10 a.m. and this is 3 p.m. to complain about some failed transactions but I was refused entry.

    “The crowd here is discouraging. They are not even listening to anybody here.

    • BREAKING: Old naira notes remain legal tender till December – Supreme Court

    “Some people said that after the Presidential and National Assembly elections, the Naira will be released everywhere but that is not the case.

    “We are suffering so much in this country. You will have money but you cannot access your money,” he said.

    Also, Mrs Angel Abiodun, another customer at the First Bank, Karu road described the situation as annoying.

    “I am helpless. I came to my bank to complain about my expired ATM card and also to collect some cash but I was not allowed in.

    “If I knew that the situation will turn like this, I wouldn’t have deposited all my money in the bank even when they told us to take our old notes to the bank.

    “The Central Bank of Nigeria (CBN) should do something and save us from this mess,” she said.

    Also, some PoS operators also confirmed to newsmen that the new Naira notes were still scarce.

    A POS operator, Gami Johnson, said: “I wonder what is happening. We are yet to see the old or new Naira”.

    The CBN is yet to respond to the apex court judgment on the old notes.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Tinubu sacks Mele Kyari as NNPC CEO, others, chronicle.ng

    Arrest Mele Kyari, launch public judicial probe, CNPP, CSOs tell Tinubu

    Gunmen strike Benue again, abduct 11 passengers

    Gunmen kill 13 in Anambra

    Tammy Abraham scored Roma's opener from the penalty spot

    Tammy Abraham set for Besiktas move as Turkish giants confirm transfer talks

    Troops neutralise bandit, recover weapons in Plateau

    Troops kill 10 terrorists near Nigeria-Cameroon border, recover arms

    Paetongtarn Shinawatra: Thai prime minister suspended over leaked phone call

    Paetongtarn Shinawatra: Thai prime minister suspended over leaked phone call

    Trump appoints Elon Musk, Ramaswamy to head Department of Government Efficiency

    Trump threatens to deport Musk

    View 1 Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Tinubu sacks Mele Kyari as NNPC CEO, others, chronicle.ng

    Arrest Mele Kyari, launch public judicial probe, CNPP, CSOs tell Tinubu

    July 1, 2025
    Gunmen strike Benue again, abduct 11 passengers

    Gunmen kill 13 in Anambra

    July 1, 2025
    Tammy Abraham scored Roma's opener from the penalty spot

    Tammy Abraham set for Besiktas move as Turkish giants confirm transfer talks

    July 1, 2025
    Troops neutralise bandit, recover weapons in Plateau

    Troops kill 10 terrorists near Nigeria-Cameroon border, recover arms

    July 1, 2025
    Paetongtarn Shinawatra: Thai prime minister suspended over leaked phone call

    Paetongtarn Shinawatra: Thai prime minister suspended over leaked phone call

    July 1, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.