CBN to Fine Banks N1m Daily over New Currency Notes

The apex bank’s Deputy Director, Research, Osun state branch, Adeleke Adelokun, disclosed this while sensitising traders on the need to embrace the new currency and return old ones to banks, at Ayegbaju Market in Osogbo on Friday.

“When we discovered that they refused to collect the new Naira notes we put sanction on the bank with a fine of N1 million per box per day, depending on the number of days .