Posted by The Central Bank of Nigeria (CBN) has ordered all deposit money banks to open on Saturday and Sunday in preparation for a significant naira note distribution.
Friday saw CBN issue the directive. As part of a coordinated effort to facilitate the circulation of banknotes of various denominations, the apex bank has also started a massive deployment of banknotes from its vaults to commercial banks throughout the nation.
Dr. Isa AbdulMumin, the CBN’s acting director of corporate communications, announced this on Friday. According to The Whistler, Abdulmumin claimed that the commercial banks had received a sizeable sum of money in various denominations for distribution to their respective customers.
The CBN spokesperson claimed that the central bank also ordered all banks to operate physically in the banking halls and load their automated teller machines (ATMs) on weekends.
Commercial bank branches will be open on Saturdays and Sundays to help customers with their cash needs, he said.
He added that teams would be personally led by the Governor of the Central Bank of Nigeria, Godwin Emefiele, to track the degree of compliance by the banks in different parts of the nation. He therefore pleaded with Nigerians to exercise patience, as the current situation would soon improve once more banknotes entered circulation.