While monitoring the distribution of the new naira notes, a man who identified himself as Oluwole Owoeye, deputy director of CBN was seen in a video questioning officials of Sterling Bank Plc, Ado Ekiti branch as to why the 6 million of the new naira notes with them was not loaded into the Automated Teller Machines, (ATMs).
The CBN director also announced a fine of N1 million for each day the fund was in the bank’s vault.
The CBN official said, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any.
They said they are yet to configure their ATMs, I do not know why that and I have brought attention to the penalty clause of N1 million per day, because they have five ATMs here, they have no reason for keeping this money.
