CBN disburses over N1bn to banks in Edo

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 …Promises to fill more ATMs from Wednesday

The  Central Bank of Nigeria (CBN)  said  on Tuesday in Benin, Edo State that  it  has disbursed over N1billion  to commercial banks in the state for onward payment of their customers.

 The Director of Risk Management Department of CBN , Dr. Blaise Ijebor who stated this  while briefing journalists on the efforts made so far by CBN to cushion the issue of naira scarcity in the country said the  apex bank  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, Pastor 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 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 arrangement 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

“We are expecting more of the new redesigned naira notes to land in Benin City in few days hopefully.

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