The Central Bank of Nigeria has asked Nigerians to blame
commercial banks for the scarcity of new naira notes, and not the CBN.
The Deputy Director, Banking Supervision Department, CBN Lagos, Kayode Makinde in an interview accused some commercial banks of sabotaging the efforts of the CBN in making the new naira notes available to customers.
Makinde, who led a team on the monitoring exercise in Ogun, said they have been going round the State for the past three weeks to ensure compliance to the directives of the CBN as regards issuance of the new notes.
CBN said it also caught some banks hoarding the new notes in their vaults for no known reasons, threatening that such a bank and its officials would be sanctioned appropriately.