CBN Must Tell Us The Full Amount Of New Notes Denominations Available To Banks – Femi Falana

Rights activist and Senior Advocate of Nigeria, Femi Falana has come out to write to the Central Bank of Nigeria, demanding details of the amount of new naira notes distributed to commercial banks across the country.

He recently ordered the CBN to provide the list of customers who have withdrawn more than the N100,000 maximum sum approved by the apex bank, and Nigerians have been reacting.

According to him, the citizens need to know the amount of the designed notes of N200, N500 and N1,000 denominations made available to each commercial bank by the Central Bank of Nigeria.

He added that Nigerians must even be shown the list of customers of the commercial banks who collected more than N100,000 approved by CBN from the commercial banks.

His words, “Our attention has been drawn to your statement wherein you claimed that some unnamed politicians have mopped up the new naira notes made available to all commercial banks by the Central Bank of Nigeria.”

“We are compelled to request you to furnish us with information concerning the amount of the designed notes of N200, N500 and N1,000 denominations made available to each commercial bank by the Central Bank of Nigeria.”

“Furthermore, we also request you to furnish us with the list of customers of the commercial banks who collected more than N100,000 approved by you from the commercial banks.”

“As this request is made pursuant to the provisions of the Freedom of Information Act 2011, you are required to accede to our request within seven days of the receipt of this letter.”

“TAKE NOTICE that if you fail or refuse to furnish us with the requested information before the deadline of seven days we shall not hesitate to pray the Federal High Court to compel you to accede to our request.”