CBN Takes Cash Swap To Bauchi Rural Communities

The Central Bank of Nigeria (CBN) has taken new Naira notes swap to rural communities in Bauchi State to help replace the old Naira notes in possession of people where access to banks is difficult.

The move is coming as the 31st January deadline the apex bank dished out for the use of the old Naira notes as legal tender in the country draws nearer.

Hassan Yunusa Yole, Deputy Director CBN Bauchi, said this in Darazo, the headquarters of Darazo local government area of the state during an inspection of the cash swap drive of the apex bank across the state.

Bauchi Cattle Dealers Bemoan Alleged Fraudulent POS OPerators, Seek CBN’s Intervention

The Deputy Director said CBN embarked on this cash swap exercise to bring the new naira notes closer to the people at the grassroots ahead of the deadline.

He said as the nation’s financial regulating body, the CBN has come up with this initiative to sensitize the public on the importance of the new naira notes to avert any possible financial losses on the side of members of the public.

The Deputy Director said already the CBN is currently undertaking the cash swap across the country, for the new naira notes to be circulated in the hands of the public in good time.

Weekly Bauchi Livestock Market Scanty Over Fears of Trading in Old Notes

He, however, enjoined people of Darazo local government areas, to use all commercial banks or point of sales centres nearby, for financial transactions.

Alhaji Hassan Yunusa, who is in charge of the North East Cash Swap Exercise, expressed satisfaction with the massive turnout the stressed the need for the public, to evacuate their money to any commercial banks to provide all the necessary support and cooperation, for the success of the exercise.

The CBN’s cash swap involving old naira notes in exchange for the redesigned currencies allows rural dwellers to swap N10,000.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest stories

Most Read

Signup To WikkiTimes Newsletter