CBN debunks claim of shortage of printing materials, plans to shut down banks
The Central Bank of Nigeria has debunked claims that it does not have enough papers to print new notes
The apex bank denied claims that it plans to shut down commercial banks in a geo-political zone.
This was according to a statement signed on Friday by CBN’s Director of Corporate Communications, Mr Osita Nwanisobi.
The statement reads; “For the records, what Mr Emefiele told the meeting was that the NSPMC was working on printing all denominations of the Naira to meet the transaction needs of Nigerians.
“While the CBN appreciates the concerns shown by all stakeholders about the distribution of the Naira, we are alarmed at the extent to which vested interests are attempting to manipulate facts and pitch the public against the Bank”.
“We wish to state unequivocally that there is no such plan and that the claims are illogical and do not comply with the workings of the Nigerian banking system. The public is therefore advised to ignore such recordings as they do not represent the policy thrust of the CBN and are only the desperate attempts of persons bent on inciting the public against the bank”.
