THE Central Bank of Nigeria, Dr. Blaise Ijebor, Director, Risk Management Department of the Central Bank of Nigeria on Tuesday in Benin, Edo State, disclosed that the Apex Bank has disbursed over 1billion naira to commercial banks in the state for onward payment of their customers.
Dr. Ijebor, who made the disclosure while briefing journalists on the efforts made so far by CBN to cushion the issue of naira scarcity in the country said the CBN has allowed commercial banks to pay over the counter up to a minimum of N20,000 per person in a day.
While appealing for calm from residents of Edo State, he assured that more of the new redesigned naira notes would be available next week in the state.
The CBN Director who was flanked by the State Branch Controller, CBN, Mr. Renner Jumbo, Commissioner of Communication and Orientation, Chris Osa Enehikhare, Special Adviser to the State Governor on Media Projects, Crusoe Osagie, also appealed to the people to use the available alternative means of bank Apps, USSD and POS for transaction that do not need physical cash.
According to him, “Given the change of the naira notes to a new redesigned naira notes and our push to have a cashless society which is also supported by the Edo State Government, we are encouraging everybody to use alternative means of payment for transactions that do not need cash.
“But for those who need cash for payment, we are making arrangements for that. In fact, since Sunday, we have given out over 1 billion naira to banks in Edo State to make available to customers.
“We have also allowed banks to pay over the counter up to a minimum of N20,000 per person per day. Some banks because of crowd might reduce the amount so that everybody will get something
