An investigation carried out by the Central Bank of Nigeria revealed that some banks’ ATMs on Lagos Island now dispense the new naira notes. This exercise was carried out to examine the level of compliance as the deadline to stop collecting and dispensing the old notes draws nearer.
The apex bank had given a directive to banks to stop paying the new notes (N1,000, N500, and N200) over the counter so as to enable customers to have access to the new notes even when banking halls are closed for business.