Naira Scarcity: Banks hoarding new naira should be probed – CAN

The Kaduna State Chapter of the Christian Association of Nigeria, CAN, has urged that the banks’ hoarding of the new naira notes be investigated.

The association made the call in a statement through its Chairman, Rev. John Hayab, in Kaduna on Sunday, also commended Buhari for the 10 days extension given for the swap of the old naira notes.

However, CAN called on the Central Bank of Nigeria to do everything possible within its power to ensure that the new notes circulate to end the stress being faced by the Nigerian masses in accessing the new notes.

The Christian group said: “Notwithstanding CAN believes that despite the temporary pains Nigerians face, the citizenry is prepared to support the President on the matter of the deadline, especially if it would assist to ease the tension in the country.

“Therefore, managers of banks who are found to hoard the new naira notes to create artificial scarcity, but are behind the public arena helping money-bag politicians to get the new notes, set the public up against the CBN’s new policy; such banks and bankers should be investigated, and if found culpable be made to face the wrath of the law.

“Nigerian citizens are yearning for the best and should not be made to suffer more hardships. Accordingly, CAN will continue to sensitise and mobilise our faithful to support any programme which its results could bring about good service delivery for a better nation.”

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

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