The Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, has said the agency will penalize banks that continue to fill their ATM machines with old naira notes as the deadline to phase out the notes is very near.
The director who represented the CBN Governor, Godwin Emefiele, spoke during a sensitisation event on the new naira notes in Computer Village Market,that CBN on a daily basis is issuing out the new notes and because of high availability they are begging banks to come and take money from Central Bank vaults.
He dispelled rumours that the new naira was not durable. According to him, the new notes with more than 35 security features were not easy for counterfeiters to make.
