Dapo Abiodun, Governor of Ogun State, paid a visit to the Central Bank of Nigeria’s Abeokuta office on Monday to discuss possible collaboration to address the distribution difficulty in the amount of money people of the state could withdraw for commercial bank activities.
To ensure that no commercial bank in the state hoarded the new naira notes, the governor announced that members of his executive council would oversee cash distribution to banks.
During a meeting with CBN officials led by Branch Controller Wahab Oseni, Abiodun voiced dissatisfaction with the continual rate of long lines at Automated Teller Machines before people could withdraw cash.
The governor said it was painful that residents who were lucky to receive cash could not get more than N2000 per transaction.
“I have met with the President and the CBN governor. It is within the rights of the CBN by law and as enshrined in the constitution.
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“Our people went out in their numbers but our people who deposited money and felt they would have as much money as they had deposited or need for their daily needs and welfare and wellbeing.
“We’ve had to suspend our campaigns. I met with people over the weekend who said to me that they had not eaten for days, especially, those from the informal sector.
“As a governor, whose primary function is the welfare and security of our people, I need to find out how we can interact with you to see how we can improve on the current level of distribution of the currency in order to diffuse tension.”
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