Osun Gov Warns Against Hoarding Of New Naira Notes At Meeting With CBN Officials In Osogbo

Governor Ademola Adeleke has warned against hoarding of new naira notes by commercial banks in Osun state while asking the nation’s apex bank, the Central Bank of Nigeria (CBN) to sanction financial institutions found to have been involved in such anti-people activities.

Adeleke’s spokesman, Mr Olawale Rasheed noted in a statement made available to Team@orientactualmags.com  that the governor said this while playing host to CBN officials in his office on Monday.

 Governor Adeleke decried the increasing shortage of the new naira  notes, noting  that he has been doing the needful to douse tension and ensure safety of  commercial banks and the CBN  office in Osogbo, the state capital.

The governor noted that his intervention in the last few weeks had ensured that Osun state ‘is saved from increasing conflict in South Western states’, expressing unhappiness at the current hardships the people are experiencing.

‘The situation is getting out of hand. The CBN must act fast. Any bank hoarding the new  naira notes must be sanctioned. We should not treat such banks with kid gloves.

My people are patient but we should not take their patience for granted. That is why I called for this meeting. The new naira notes are unavailable, why? Is the supply small or inadequate? the Governor queried.

He expressed the readiness of his government to partner with the CBN  in respect of easing things for those seeking  to replace old naira notes with new naira notes, informing the CBN team that the state ‘is sacrificing a lot to maintain peace and calm frayed nerves’.

‘The new naira  notes are not available. Even as a State Governor, I don’t have the new  naira notes. You can see how hard it is for our people to access the new currency if their Governor is not getting them. We should not overstretch the cooperation we are enjoying from the citizenry. We are expected as elected and appointed leaders to respond to the needs and aspirations of our people’ Governor Adeleke said.

Responding, the CBN state Director, Oluyemi Adeyemi commended the governor for his proactive steps that had saved the state from naira- related riots.

‘We must thank Mr Governor for reaching out to the people, for defusing tension, for keeping the state peaceful. We aware of the day Mr Governor stopped some angry young people from demonstrating and from attacking the CBN office.

On our part, we are working hard to make the new naira  notes available. Let me say that the CBN has issued queries to some commercial banks. I assure Nigerians that we are working hard to make the new naira notes available’ Oluyemi stated.

A monitoring mechanism between the state government and the CBN was also set up during the meeting to ensure  that allocated new naira  notes get to the populace- Team@orientactualmags.com
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