ENUGU, Nigeria (VOICE OF NAIJA) – The Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays.
According to the apex bank, this is part of a coordinated effort to ease circulation of banknotes of various denominations.
CBN also confirmed the evacuation of banknotes from its vaults to commercial banks across the country.
These were disclosed in a statement signed by CBN Acting Director, Corporate Communications Department, Isa AbdulMumin, in Abuja, on Friday afternoon.
The statement disclosed further that, a substantial amount of money, in various denominations, had been received by commercial banks, for onward circulation to their respective customers, even as it prevailed on banks, to conduct physical operations in banking halls through the weekends.
The statement partly reads: “The CBN has directed all banks to load their Automated Teller Machines, as well as conduct physical operations in the banking halls through the weekends.
“Branches of commercial banks will operate on Saturdays and Sundays to attend to customers’ cash needs.
“The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, would personally lead teams to monitor the level of compliance by the banks in various locations across the country.”
The apex bank, therefore, urged Nigerians to be patient, as the current situation would soon ease off, with the injection of more banknotes into circulation.
Meanwhile, the authorities have stepped up efforts to end the biting currency scarcity that has caused pain on millions of bank customers nationwide, after a Supreme Court ruling, and also, a proposed protest by Nigeria Labour Congress (NLC) scheduled for next week.