About new naira note

They urged the apex court to grant them an interim injunction stopping the Federal Government and the CBN from ending the validity of old N200, N500 and N1000 ...

I also understand that the Federal Government cannot bar Nigerians from redeeming their old naira notes at any time, even though the senior notes are no longer legal tender. The Central Bank shall at all times redeem its bank notes. They are also asking the court to make a declaration that the three-month notice given by the Federal Government of Nigeria through the Central Bank of Nigeria under the directive of the President of the Federal Republic of Nigeria, the expiration of which will render the old Banknotes inadmissible as legal tender, is in gross violation of the provisions of Section 20(3) of the Central Bank of Nigeria Act 2007 which specifies that Reasonable Notice must be given before such a policy.

The Kaduna state Christian Association of Nigeria (CAN), has demanded the probe of banks hoarding the new naira notes as scarcity of the currency persists.

[Kaduna](https://www.legit.ng/tag/kaduna-state-news-today/) lawmaker educates bankers on how to dress without incurring the wrath of angry customers. [Buhari](https://www.legit.ng/tag/buhari-news/) for the 10 days extension given to swap the old naira notes for new notes. [Shehu Sani](https://www.legit.ng/tag/shehu-sani/), politician and human rights activist, has sent a [strong message to bankers](https://www.legit.ng/politics/1518409-scarcity-naira-powerful-pdp-senator-reveals-how-bankers-dress-avoid-wrath-angry-customers/) in Nigeria. [Zamfara](https://www.legit.ng/tag/zamfara-state-news-today/) states, expressed their worries about the effects of the Central Bank of Nigeria's naira redesign policy while asking the apex court for a restraining order on the full implementation of the policy. The Christian Association of Nigeria (CAN), Kaduna state chapter, has demanded the probe of banks hoarding the new naira notes. - The Kaduna state chapter of the Christian Association of Nigeria has weighed in on the scarcity of the new naira notes

Ahead of the General Elections, the current scarcity of fuel supply, redesigned new Naira Notes; the Nation's Security Forces are now.

Resource persons from the media, public relations practice, and academia are participating in the seminar. The rules of engagement are there, and the code of conduct is being distributed to the troops While the Commission also educated participants on the Electoral Act 2022 and its implications for Security agencies.

The position of the spokesmen of Banks in Nigeria was made known by their President, Rasheed Bolarinwa, on Monday.

Customers must demonstrate ownership of their Banks and eschew any act that could lead to the disruption of banking operations or damage of banking facilities. It is therefore, detrimental to the interest of the general banking public to disrupt banking operations by untoward actions against Bank staff or vandalisation of banking facilities. We believe that ongoing concerted efforts will address the constraints currently being experienced in the cyclical flow of the new naira notes and the legal tenders generally. “ACAMB urges Nigerian banking public to exercise patience and not to resort to any untoward behavior against Bank staff or banking facilities. “It is also noteworthy that all stakeholders agreed on the importance and advantages of the redesigning of naira notes. “In view of its numerous benefits and the cutting-edge capability of the Nigerian banking sector, ACAMB fully supports the enhanced cashless policy championed by the Central Bank of Nigeria (CBN).

We are confident that these measures, in addition to efforts by the regulatory CBN, will result in greater ease of access and cash liquidity. “ACAMB AFFIRMS ...

Customers must demonstrate ownership of their Banks and eschew any act that could lead to the disruption of banking operations or damage of banking facilities. “The federal government and the CBN have reiterated similar readiness to address any constraint in the cyclical flow, including making adjustments, where necessary. “ACAMB AFFIRMS without any equivocation that Banks are not in any way hoarding or holding back naira notes or engaging in any act inimical to our avowed commitment to exciting customer experience.

Recently, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) among others ...

See the Latest Oversea Jobs with Visa Sponsorship plus our EXPERT guidance and tips. Relocate to Canada, USA, UK, Europe, Australia, and New Zealand with your family. [Click here](https://infoguidenigeria.com/football-predictions-today/) [.](https://infoguidenigeria.com/check-jamb-result-2/) ACAMB further stated: “We are confident that these measures, in addition to efforts by the regulatory CBN, will result in greater ease of access and cash liquidity. [JAMB Result](https://infoguidenigeria.com/check-jamb-result-2/) “ACAMB affirms that without any equivocation banks are not in any way hoarding or holding back naira notes or engaging in any act inimical to our avowed commitment to exciting customer experience. In a statement signed by Rasheed Bolarinwa, president, of ACAMB, banks have taken additional measures to quicken the flow of naira notes. Hurry Now click here to Apply >> Relocate to Canada Today!Live, Study and Work in Canada. [NYSC portal](https://infoguidenigeria.com/login-nysc-portal/) [.](https://infoguidenigeria.com/)

Commercial banks in Nigeria have denied the allegation that they were hoarding the new Naira notes and putting the citizens through untold hardship. Since the ...

- I am confident that the funds will help these businesses harness opportunities and preserve jobs,” the chief executive of Union Bank, Mr Mudassir Amray, said. In a related development, an official of another commercial bank in Abuja has been apprehended by the commission. It connects to a merchant’s current website, and clients may complete purchases using any supported online payment methods. Merchants can receive payments over USSD using the C’Gate Payment. Women in business can gain better and simpler access to business funding through Stanbic IBTC’s Blue Blossom. Eligibility for EZ cash includes having an account for at least six months with no illegal overdrafts or returned cheques. “As for businesses, none deserves to be cash trapped. The group emphasised that, “In the past few hours, banks have taken additional measures to quicken the flow of naira notes.

Kaduna, Zamfara, and Kogi State have dragged the Federal Government to Supreme Court over the scarcity of old and new Naira notes due to the Central Bank of ...

“That the majority of the indigenes of the Plaintiffs’ states who reside in the rural areas have been unable to exchange or deposit their old naira notes as there are no banks in the rural areas where the majority of the population of the states reside. The states said the CBN policy is imposing a lot of hardship on Nigerians and insisted that the ten-day extension by the Federal Government is still insufficient to address the challenges of Nigerians swapping their old Naira notes for new ones. The states said there has been a shortage in the supply of the new naira notes in Kaduna, Kogi and Zamfara States and that citizens who have dutifully deposited their old naira notes have increasingly found it difficult and sometimes next to impossible to access new naira notes to go about their daily activities.

The Economic and Financial Crimes Commission (EFCC) says it has arrested the operations manager of a commercial bank in the federal capital territory (EFCC) ...

[Independent Corrupt Practices and Other Related Offences Commission (ICPC) ](https://www.thecable.ng/icpc-arrests-bank-manager-over-atms-loaded-with-cash-prevented-from-dispensing/amp)apprehended the manager of a bank in Osogbo, the Osun state capital, for loading ATMs with cash bundles wrapped with nylon, and as such, could not be dispensed through the machines. “Before he was whisked away for further questioning, the operatives ordered the loading of all the ATMs and the payment of the stipulated amount across the counter to the delight of the distraught customers who had spent hours in queues without getting the new notes,” the statement reads. The Economic and Financial Crimes Commission (EFCC) says it has arrested the operations manager of a commercial bank in the federal capital territory for hoarding N29 million of the new naira notes.

An operations manager of a leading commercial bank in Abuja central area was on Monday arrested by operatives of the Economic and Financial Commission, ...

Uwujaren noted that this discovery, which indicated a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned naira notes. An operations manager of a leading commercial bank in Abuja central area was on Monday arrested by operatives of the Economic and Financial Commission, for refusing to load the Automated Teller Machines of the bank despite having N29million of the new naira notes in the branch’s vaults, The PUNCH reports. Before he was taken away for further questioning, the operatives ordered the loading of all the ATMs and the payment of the stipulated amount across the counter to the delight of the distraught customers who had spent hours on queues without getting the new notes.

A team of CBN officials says they uncovered N6 million naira hoarded in a new generation bank in Ekiti and threatened to impose a N1 million sanction ...

My name is Oluwole Owoeye, and I am a deputy director of CBN". "What is the name again? [Ekiti](https://www.legit.ng/tag/ekiti-state-news-today/), kept the cash for two weeks while most Nigerians kept vigil at ATMs. They have five ATMs. They have six million, which they have collected from the bank for almost two weeks. They have not dispensed any.

The Central Bank of Nigeria (CBN) has threatened to fine Sterling Bank for hoarding the new Naira notes made available to the financial institutions for |

[Investigations2 months ago](https://www.ripplesnigeria.com/special-report-world-bank-road-projects-go-bad-in-enugu-as-state-govt-fails-to-fulfill-promise/) [Investigations2 months ago](https://www.ripplesnigeria.com/students-suffer-as-contractors-abandon-kano-school-projects-after-receiving-over-n70m/) [Investigations2 months ago](https://www.ripplesnigeria.com/investigation-in-cross-river-civil-servants-retire-into-poverty-as-govt-looks-away-squanders-funds-on-frivolities/) [Investigations4 weeks ago](https://www.ripplesnigeria.com/investigation-how-oyo-state-contractors-spent-n1-1bn-on-water-projects-but-communities-dont-have-a-drop/) “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. [Investigations3 weeks ago](https://www.ripplesnigeria.com/investigation-4-yrs-after-completion-kwara-phc-facility-inactive-rural-dwellers-in-pains/)

Three state governments, Kaduna, Kogi and Zamfara, have sued the federal government at the Supreme Court over the hardship occasioned by the scarcity of the ...

will continue to go through a lot of hardship and would ultimately suffer great losses as a result of the insufficient.” While noting that “vast quantity of official worktime is spent looking for the scarce notes and hunger stalks the entire landscapes of Kaduna, Kogi and Zamfara States. has been well acknowledged even by the Federal Government of Nigeria.” Good journalism costs a lot of money. The three states are in northern Nigeria of which President Muhammadu Buhari’s home state, Katsina State, is a part. He added that money deposit banks would continue to receive the old banknotes even after the deadline.

EFCC says the branch of the bank in Abuja refused to load its Automated Teller Machines (ATMs) despite having N29 million of the redesigned Naira notes in ...

Good journalism costs a lot of money. More than five bank branches were covered today by the operatives in Abuja. The commission said it took the bank official, whose name was also not given, into custody for further questioning. “This discovery, which indicates a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned Naira notes. It said its operatives also ordered the bank to load the money in the ATMs and make payment to customers over the counter. EFCC’s spokesperson, Wilson Uwujaren, said in a statement that the bank refused to load its Automated Teller Machines (ATMs) despite having N29 million of the redesigned Naira notes in the branch’s vaults.

An Operations Manager of a leading commercial bank in Central Area of Abuja was, on Monday, arrested by operatives of the Economic and Financial Commission.

This discovery, which indicated a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned Naira notes. An Operations Manager of a leading commercial bank in Central Area of Abuja was, on Monday, arrested by operatives of the Economic and Financial Commission (EFCC), for refusing to load the Automated Teller Machines (ATMs) of the bank despite having N29million of the redesigned Naira notes in the branch’s vaults. Before he was whisked away for further questioning, the operatives ordered the loading of all the ATMs and the payment of the stipulated amount across the counter to the delight of the distraught customers, who had spent hours on queues without getting the new notes.

The Economic and Financial Crimes Commission (EFCC) has arrested a bank manager for allegedly hoarding new naira notes.

Similar exercises were ongoing in Zonal Commands across the country. “More than five bank branches were covered today by the operatives in Abuja. On Monday, Wilson Uwujaren, EFCC spokesman, announced that the agency sent its men across banks in Abuja and the manager of bank was arrested for refusing to allow loading of new notes into the bank’s ATN despite having N29million of the new notes in the bank.

The Economic and Financial Crimes Commission, EFCC, on Monday, arrested a senior bank official in Abuja. The staff is the Operations Manager of "a leading.

[denied hoarding the new naira notes](https://dailypost.ng/2023/02/06/banks-break-silence-on-hoarding-new-naira-notes-after-cbn-policy/), saying they cannot be a clog in the wheel of efforts of the Federal Government and the Central Bank of Nigeria, CBN. The operation was in continuation of the surveillance and visit to banks across the country to access their vaults and verify whether they are deliberately refusing to dispense cash. The staff is the Operations Manager of “a leading commercial bank” in the Central Area, according to EFCC spokesman, Wilson Uwujaren.

The Economic and Financial Crimes Commission (EFCC), on Monday, arrested an Operations Manager of a commercial bank in Abuja Central Area, for hoarding the ...

However, Uwujaren stated that before the operation manager was whisked away for further questioning, the EFCC operatives had ordered the loading of all the ATMs and the payment of the stipulated amount across the counter to the delight of the distraught customers who had spent hours on queues without getting the new notes. EFCC operatives had ordered the loading of all the ATMs and the payment of the stipulated amount across the counter to the delight of the distraught customers. A statement by EFCC's Head Media and Publicity Wilson Uwujaren, said that the suspect was arrested by operatives of the commission for allegedly refusing to load the new notes in the Automated Teller Machines (ATMs), of the bank despite having N29million of the redesigned naira notes in the branch’s vaults.

Scarcity Of New Nigerian Naira Note Sparks Nationwide Outrage A senior aide to the President of Nigeria, Muhammadu Buhari, Ajuri Ngelale, has revealed that ...

You can read the [original article](https://naijagists.com/new-nigerian-naira-note-2023-scarcity/) here. [naijagists.com](https://naijagists.com). Certainly, it is going to be based on what he sees happening across the country in the course of these seven days. In what many have described as unprecedented in the history of the country, Nigerians now pay exorbitant charges to get the naira notes from PoS operators. The President extended the deadline for the exchange of old naira notes from January 31 to February 10 after receiving this false intelligence. The Senior Special Assistant to the President on Public Affairs, Ajuri Ngelale, stated in an interview that the CBN’s report that it had supplied sufficient amounts of the new notes to all bank branches was false.

Three northern states are seeking the Supreme Court's order extending the validity of the old N200, N500, and N1,000 notes.

will continue to go through a lot of hardship and would ultimately suffer great losses as a result of the insufficient.” While noting that “vast quantity of official worktime is spent looking for the scarce notes and hunger stalks the entire landscapes of Kaduna, Kogi and Zamfara States. has been well acknowledged even by the Federal Government of Nigeria.” Good journalism costs a lot of money. The three states are in northern Nigeria of which President Muhammadu Buhari’s home state, Katsina State, is a part. He added that money deposit banks would continue to receive the old banknotes even after the deadline.

The February 10 deadline for the currency swap announced by the Central Bank of Nigeria has pitted Governors Nasir El-Rufai of Kaduna, Yahaya Bello (Kogi) ...

The governor who spoke through his Special Adviser on Media and Publicity, Terver Akase, said, “He (Ortom) is in support of the move (litigation). They had done it on a number of occasions like in the case of the judiciary autonomy, state House of Assembly issues, economy and other areas. Titiloye said, “ We are looking at the brief various options, then we became aware that some states have gone to court. But it is part of the democratic culture we promote within our party. “We are not even aware of the case until now that you’re informing us. “Painfully, we must state that this voice of dissent is coming from within the political party of the President. We are going to join because we are interested and it affects political parties in Nigeria. The vast quantity of official work time is spent looking for scarce notes and hunger stalks the entire landscape of Kaduna, Kogi and Zamfara states. Udeze further stated, “You must have seen some of them issue personal statements and state their personal views. Citizens who have duly deposited their old naira notes have increasingly found it difficult and sometimes next to impossible to access new naira notes in order to go about their daily activities”. To achieve this, I have directed that the state-owned Yobe Microfinance Bank opens branches in each of the state’s 17 local governments.” I also understand that the Federal Government cannot bar Nigerians from redeeming their old naira notes at any time, even though the senior notes are no longer legal tender.”

The court ordered President Buhari and the CBN to ensure the enforcement of the 10 February deadline for the old currency notes.

Many who cannot access the machines have been paying exorbitantly to be paid by Point on Sale (POS) retailers. Good journalism costs a lot of money. The extension followed a public outcry that greeted the scarcity of the new naira banknotes. [filed a suit at the Supreme Court challenging](https://www.premiumtimesng.com/news/580278-three-apc-states-sue-federal-govt-over-scarcity-of-new-naira-notes.html) the deadline set by the CBN to phase out the old naira notes. The court restraining the CBN and other respondents in the suits from tampering with the deadline would last for seven days, a copy of the order seen by PREMIUM TIMES shows. [Central Bank of Nigeria](http://cbn.gov.ng) to ensure the enforcement of its 10 February deadline on the validity of the old naira notes.

The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to protect Nigerians by going after political leaders and saboteurs mopping up the ...

“The PDP demands that the bank takes urgent measures to arrest the unbearable situation by ensuring adequate protection and effective monitoring of cash distribution process. “The PDP charges the Central Bank of Nigeria to be mindful of the sufferings being experienced daily by Nigerians. Ologunagba also advised the Central Bank of Nigeria (CBN) to take urgent measures by ensuring adequate protection and effective monitoring of cash distribution.

From Godwin Tsa, Abuja. A High Court of the Federal Capital Territory (FCT) has barred President Muhammadu Buhari, the Central Bank of Nigeria (CBN) and the ...

Arewa Youths said that looters of the commonwealth of the people have lost out while Ohanaeze Youths insist that vote buyers and election riggers have been relegated just as Oduduwa Youth hold the view that kickbacks will be very difficult now, corruption greatly limited and a chance for money laundering made slimmer. Meanwhile, a cross-section of lawyers, a civil society organisation and ethnic youth groups have hailed the order saying it was best for the country and would afford the stakeholders opportunity to now concentrate on how to ameliorate the hardship occasioned by the policy. The order is coming on the heels of a suit filed at the Supreme Court by Kogi, Kaduna and Zamfara states seeking the stoppage of the implementation of the monetisation policy.

Nigerian bankers are as greedy and selfish as the politicians they are fronting for. The decision of the Central Bank of Nigeria (CBN) to redesign the naira in ...

Bankers and politicians are the ones tormenting the people. The politicians and bankers have taken a pound of flesh from CBN’s laudable decision to redesign the naira. It is designed to divert attention from the real cause of the sufferings (bankers and politicians) to the CBN which is carrying out its statutory monetary policy functions. Most of the N2.8 trillion in private homes was illicitly released to treasury looters by devilish and lawless bankers. None of the politicians is worried about the plight of the poor. The new naira notes are sold to politicians and rich bandits at a huge margin. That is how selfish and greedy the lawmakers are. They want to use the old notes to buy votes. The two groups are in a grand conspiracy to torment the poor and blame the CBN for the anomie. The politicians would in turn use them to buy votes during elections. Nigerian bankers are as greedy and selfish as the politicians they are fronting for. The bankers hoarded the new currencies supplied by CBN and sold them to politicians and bandits.

Mr Dumebi Kachikwu, African Democratic Congress, ADC, presidential candidate, said the insufficient circulation of the new Naira notes posed great threats.

This, he said, was because they did not have cash and the Point of Sale, POS, terminals were not in operation due to unavailability of both the old and the new Naira notes. Kachikwu said that Nigerians did not deserve hardships, especially at a time when fuel was also not available in many parts of the country. According to him, Nigerians are groaning in agony and people are being dehumanised in a bid to obtain the new notes.

Summons bank chiefs over alleged economic sabotage · Kaduna, Kogi, Zamfara drag FG, apex bank to supreme court, want old notes to remain in circulation.

“Having discussed extensively with the CBN and the bankers that the policy of moving the Nigeria economy to one of a cashless system should be encouraged. We know that there are hitches in the process, Nigerians are asking that you direct the CBN to concentrate of ameliorating the sufferings quickly and rule out cancellation or suspension of the policy. “However, we want to ensure we do this as painlessly as possible; we have to improve on the communication with our people to reduce their fear. “I’ve met with the President and CBN governor. On his part, the Director, Risk Management, CBN, Blaise Ijebor, said: “We are also here to encourage people to use alternative means to make their payment. “We are aware a number of ATMs are not paying. So, when you go to PoS terminals, don’t ask for cash, let them do for you what you want to use the cash for via transfer.” “We say it is not for the people that they are fighting. “This insistence has made these few governors of his party to begin to speak ill of the president. Again, we call on all security agencies to be on the lookout from today when they start. “In all these, we asked ourselves, what is the offence of President Muhammadu Buhari? “These planned violent protests are billed to commence on Thursday.

The Economic and Financial Crimes Commission (EFCC), on Monday, arrested an Operations Manager of a commercial bank in Abuja Central Area, for hoarding the ...

before the operation manager was arrested, the EFCC operatives had ordered the loading of all the ATMs and the payment of the stipulated amount across the counter to the delight of the distraught customers who had spent hours in queues without getting the new notes. According to the statement, "this discovery, which indicates a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned Naira notes. According to reports, Nigerians had been forced to sleep in various bank ATMs across the country to be able to withdraw the new banknotes to buy foodstuffs and other domestic products owing to the scarcity of the new currency notes.

The Economic and Financial Commission (EFCC) has arrested an operations manager of a leading commercial bank in the Abuja central alvrea for hoarding the.

“This discovery, which indicates a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned Naira notes. The unnamed banker, was arrested for refusing to load the Automated Teller Machines (ATMs), of the bank despite having N29million of the redesigned naira notes in the branch’s vaults. The Economic and Financial Commission (EFCC) has arrested an operations manager of a leading commercial bank in the Abuja central alvrea for hoarding the newly redesigned naira note.

With chaos spreading due to the scarcity of new naira notes, Nigeria's attempt to replace its high-denomination currency notes less than a...

Data sourced from CBN showed the logistic cost of printing new naira notes jumped by 75 percent from N33.3 billion in 2016 to N58.6 billion in 2020. “We ordered 500 million pieces of currency from the Mint but I can’t provide accurate figures on the exact amount printed,” Ahmad said. Data from the World Bank showed there are 16 ATMs per 100,000 adults in Nigeria. There is simply not enough,” a senior executive in Nigeria’s banking sector said. It’s going to impose lots of costs on the economy. NSPM’s latest data show that the company has an installed capacity to produce four billion pieces of banknotes per annum. It’s not going to be cheap. After adjusting for the average inflation rate, BusinessDay’s estimation showed the cost of distributing the new naira notes hit N5.3 billion in 2021 and N6.0 billion in 2022. The cost of printing the new naira stood at N49.5 billion in 2017; N64 billion in 2018 and N 75.5 billion in 2019. This represented a decrease of 529.31 million pieces or 17.37 percent. Further breakdown showed the cost of distributing the naira decreased by 21 percent to N4.5 billion in 2020 from N5.7 billion in 2018. “The timing and implantation of the new naira showed a lack of understanding Nigeria’s domestic terrain,” a source told BusinessDay.

The Founder/Chief Responsibility Officer of the Centre for Ability, Rehabilitation and Empowerment (C.A.R.E.Nigeria), Dr Chike Okogwu has raised an alarm ...

Okogwu, however, hinted that the only extra thing we are asking the CBN to do, is to please make the monies braille enabled, it doesn’t cost much. According to him: “But two things came out of it that affected persons with disabilities. “We have seen videos of hoarding going on, we have seen videos of people spraying the money. It is a good policy and we support it. “Why are they doing this? It shows that the banks are complacent, they are the ones who are causing the scarcity.

Following discovery that Sterling Bank was hoarding the new Naira notes, preventing its customers from accessing their funds, the firm has waved charges |

[Investigations3 months ago](https://www.ripplesnigeria.com/special-report-world-bank-road-projects-go-bad-in-enugu-as-state-govt-fails-to-fulfill-promise/) [Investigations2 months ago](https://www.ripplesnigeria.com/students-suffer-as-contractors-abandon-kano-school-projects-after-receiving-over-n70m/) [Investigations2 months ago](https://www.ripplesnigeria.com/investigation-in-cross-river-civil-servants-retire-into-poverty-as-govt-looks-away-squanders-funds-on-frivolities/) [Investigations4 weeks ago](https://www.ripplesnigeria.com/investigation-how-oyo-state-contractors-spent-n1-1bn-on-water-projects-but-communities-dont-have-a-drop/) Sterling Bank risks N1 million fine per day for hoarding the money according to CBN’s Deputy Director, Oluwole Owoeye, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. [Investigations3 weeks ago](https://www.ripplesnigeria.com/investigation-4-yrs-after-completion-kwara-phc-facility-inactive-rural-dwellers-in-pains/)