Commercial banks may resume collection of old naira notes from their customers on Monday (today) as they pressure the Central Bank of Nigeria to grant the request.
Members of the Bankers Committee reportedly held a meeting over the weekend where it was agreed that they should continue the collection of old N500 and N1000.
The bankers agreed that such action will forestall attacks on their facilities by the angry Nigerians and encourage restoration of normalcy.
As of press time, it was still unclear if their request had been granted by the regulatory body, the CBN but some of them were seen receiving the notes on Saturday.
“Bank CEOs met over the weekend to find a solution to the crisis. You can see that some banks collected old notes deposits on Saturday. The idea is to get banks to resume old notes collection from customers on Monday (today). This will prevent further attacks on bank officials and bank property this week. This is the last week before the polls, so the CBN and banks want to ensure there is no tension,” a source said.
