The Central Bank of Nigeria has expressed disappointed with the way new naira notes are being used at parties, saying it showed that commercial banks had breached the directives and guidelines given to them.
CBN Governor, Godwin Emefiele, made the remarks while shedding light on the new currency policy before the House of Representatives Ad-hoc Committee on Tuesday.
He said the apex bank had re-enforced its resolve to involve all the security and anti-corruption agencies in the arrest of saboteurs.
He added that the benefit of the e-economy had started to manifest as inflation was not rising and no stagnation in the economy.
Emefiele further noted that kidnappings for ransom and other criminalities had been slightly curbed as beneficiaries of the criminal acts found it difficult to collect or move their illicit monies from their victims or their (the victims’) families.
Emefiele acknowledged that although some Nigerians may be affected by the bottlenecks, things would get better with time and more stringent measures being taken.
