Three days to the deadline set by the Central Bank Of Nigeria for the collection of the old Naira notes yet there is no change to the lingering Naira notes scarcity in fact things are getting worst by the day.
Not just the new notes even the old notes are in a very short supply and citizens pay as high as N1200 to get N5000 from the POS operators upon that only the old notes were accessible.
Most banks are issuing only N5000 per cuatormer for a withdrawal that will take one over 5hours to process due to long queues.
It could be recalled that on the 3rd of this month Mr. President promised Nigerians that He will ensure sufficient supply of the new notes in seven days in oder to ease the hardship faced by citizens in accessing their hard earned funds but rather than getting better things are only getting worst four days after the pledge.
Yesterday Abuja network news reported how some three APC states drag the federal government to the supreme court seeking an injunction to stop the federal government and CBN amongst others from full implementation of the policy.
It remain unclear who the judgement will favor between the governors and the adamant CBN.
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