Ogun gov meets with CBN, bankers committee to end naira shortage

Dapo Abiodun, the governor of Ogun State, paid a visit to the central bank’s Abeokuta branch on Monday to discuss potential cooperative efforts to address the difficulty in distributing the amount of money residents of the state could withdraw for transactions made in commercial banks.

The governor announced that members of his executive council would be watching the cash distribution to banks to make sure no commercial bank in the state hid the new naira notes.

Abiodun expressed dissatisfaction over the ongoing trend of long lines at the automated teller machines before customers could withdraw cash during a meeting with the CBN management presided over by the Branch Controller, Wahab Oseni.

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The governor expressed his pain at the fact that residents who were fortunate enough to receive cash could only receive N2,000 per transaction.
“I spoke with the President and the governor of the CBN. It is within the CBN’s legal and constitutional rights to do so.

“Our people went out in large numbers, but our people who made financial deposits believed they would have enough money to cover their daily expenses, as well as their welfare and wellbeing.

“We had to put our campaigns on hold. Over the weekend, I spoke with several people, mostly from the unofficial sector, who claimed they hadn’t eaten in days.

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“I need to learn how we can interact with you to see how we can improve on the current level of currency distribution in order to defuse tension,” the governor said, “whose primary responsibility is the welfare and security of our people.”