Following several agitations and complaints by residents of Osun State over the refusal of money deposit banks to accept old N500 and N1000 notes, Governor Ademola Adeleke has finally reacted to the development.
The Governor, who decried the maltreatment of residents of the state by banks called on the Central Bank of Nigeria to order banks to start collecting the money.
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.
Rasheed said, “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.”
