CBN Naira Redesign: Access bank provides alternative channel for cash deposit

In response to the Central Bank of Nigeria’s (CBN) announcement to redesign and issue new naira notes starting from December 15, 2022, Access Bank Plc, has urged its customers to make use of its alternative channels to deposit their existing naira notes in order to beat the rush pending the circulation of new ones.

The bank had in a recent message, titled; Update on New Naira Notes, said, “Dear valued customer, This is to inform you that the CBN will issue a new series of Naira notes beginning December 15, 2022. Beat the rush, visit an access bank location now to deposit your cash. Thank you for banking with us”.

The bank reiterated that all cash deposit transactions would be free during this period.

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As a follow-up to the message, the bank, on Thursday, stated that its bank branches will be open for longer hours during the week for customers’ convenience, adding that it will also be open on Saturdays from 10 am – 2 pm to receive cash deposits.

“With the current number of our Access Closa Agents at over 160,000 spread across the 774 Local Government Areas in the country, you can easily deposit your existing naira notes through an agent near you in your location to avoid the risk of transporting cash to a far distance to locate a branch.

Whether you choose to deposit your existing Naira notes through a branch, an ATM, or a point-of-sale machine (POS), you can rest assured that your money is safe with us and that you can always rely on our speed, service, and security”, it said.

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The statement further added, “During this period of receiving your existing Naira notes, all cash deposit transactions will be free. You will not be charged for cash deposits. You can also pick up your debit cards for emergency payments on POS terminals and ATM withdrawals.

We urge all our esteemed customers to prevent the rush and hurry to deposit their Naira notes before the deadline of January 31, 2023, when the current Naira notes will cease to be legal tender.”

Meanwhile, Concerned Northern Forum (CNF) has called on President Muhammadu Buhari to sack the Central Bank of Nigeria (CBN) Governor, Dr. Godwin Emefiele, and his team within seven days over controversies trailing the plan to redesign the nation’s currency.

CNF, during a press briefing at the Arewa House in Kaduna, yesterday, said failure to meet their demand would force it to stage massive protests across the Northern region and the Federal Capital Territory (FCT).

The group’s spokesperson, Abdulsalam Kazeem, argued that redesigning the naira bills would not improve people’s lives.

According to him, the prices of food and other daily needs have increased beyond control, and the probability of an increase in crime rate is high due to the bad financial policies of the apex bank.

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He said: “We must state categorically that the large population of Nigerians have lost confidence in the current leadership of the CBN to initiate and introduce policies that would improve the economy of our dear nation. Therefore, we maintain our earlier position, including ‘the immediate suspension of the whole process of the new naira design; immediate sack of Godwin Emefiele and his entire team for failing Nigerians, having been the longest serving governor in recent time; and prosecution of those behind this wicked agenda.”

“Failure to meet our demands within the next seven working days will lead to a massive protest across our region and the FCT.”