Cash scarcity: Abiodun engages CBN, bankers committee, extracts promise of relief 

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Ogun state Governor Dapo Abiodun

Ogun state governor, Dapo Abiodun, Monday, paid an unscheduled visit to the Abeokuta branch of the Central Bank of Nigeria (CBN) to seek relief on the amounts that citizens can withdraw in exchange for deposits made in commercial banks.

The governor also offered to lend members of his cabinet to monitor cash distribution to banks to ensure that no commercial bank or their agents hoard the new naira notes.

Abiodun who later met with Bankers Forum, made up of managers of commercial banks in the state, also extracted a commitment from both the CBN and commercial banks to make cash available to bank customers from Tuesday.

The governor said it is disappointing to see long queues of residents at Automated Teller Machines (ATMs), waiting to cash money from the system with so much stress and some not getting enough to meet their immediate needs.

He added that it is humiliating that those who were attended to were paid not more than two thousand naira per transaction. 

Abiodun urged the CBN to ensure the availability of new notes at commercial banks for people to withdraw their money.

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