The Central Bank of Nigeria (CBN), Zamfara State branch, has ordered five commercial banks in the state to immediately release new naira notes to Point of Sale (POS) operators or face sanctions.
The controller of CBN in the state, Buhari Abbas, gave the order in Gusau during a sensitization workshop organised by the Association of POS Operators in Zamfara State.
The banks are First Bank, Access bank, UBA, FCMB, and Zenith bank. They were ordered to immediately release new naira notes to operators of POS, specifically those operators with accounts in the stated banks.
Abbas explained that the CBN introduced the new naira notes to discontinue the circulation of old notes in the hand of the public.
