Commercial Banks on Friday countered claims by the Central Bank of Nigeria (CBN) on the availability of the new Naira notes.
The banks defended their position on the matter when they appeared before the House of Representatives ad hoc committee investigating the scarcity of the new notes and the January 31 deadline given by the apex bank for the withdrawal of the old notes from the circulation.
Hadiza Ambursa, an official of Access Bank who represented the bank’s managing director, said they only got 10 percent of the money deposited with the CBN.
