We believe that using the ATM machine will give people equal opportunity to have access to the new notes.
“We are also able to track the volume of disbursement that is done through the ATM because of the log on it,” Umar said
On how they are ensuring that those in Katsina rural areas have access to the new notes, the CBN Director said:
“In Katsina there are over 750 registered agents who are tied to three banks. We disbursed N120 million to these banks to issue to these agents. Each agents is expected to receive N500,000 per week to disburse in their communities. We have been monitoring the agents around here to ensure that they do the needful with the new notes issued to them.
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“We are riding on the back of the agents to help those from far distance and communities without banks nor ATMs to receive the new notes.
Meanwhile, on the appeal from different quarters for extension of the deadline, the CBN Director of Currency Operation said: “There is no new directives on that till this moment. The deadline still remains 31 January 2023. So, we advise people to adhere to the deadline and deposit their money.”
