Cash Crunch: Osun Governor Asks CBN To Call Banks To Order

VOICE AIR MEDIA News Update

THE Executive Governor of Osun State , Senator Ademola Adeleke has decried the maltreatment of residents of the state by banks which refused to collect old currency notes even after paying customers with old notes.

In a statement issued on Sunday, the State Governor lamented the pains and suffering of residents, narrating the many complaints of bank customers who accused the banks of refusing deposits of old notes as well as the attendant negative consequences on the populace.

The State Governor, Senator Ademola Adeleke has received several calls from Bank customers across the state. The deliberate refusal of banks to collect old notes is creating serious economic complications for residents of the state. For the banks to issue old notes and refuse to accept old notes as deposit is highly unacceptable.

Governor Adeleke has consequently called on the Central Bank of Nigeria to direct the banks operating in the state to correct the anomalies. The state director of the CBN is specifically requested to direct the banks to halt this unhealthy practice.

If banks will not accept old notes as deposits, they must stop issuing old notes for withdrawal. The current pain being inflicted on our people must stop.