Naira Scarcity: I Don’t Have New Note As Governor — Adeleke

Ademola Adeleke, the Osun State Governor, has made a new disclosure.

He disclosed that the continuous scarcity of new naira notes is creating a hardship for the people, saying even as a governor, he does not have the redesigned currency.

While lamenting over the suffering the increasing scarcity has unleashed on the people of the state, he said This is as he stated that he has been deploying a state network to douse tension and ensure the safety of banks and the CBN state office.

Addressing CBN officials in his office on Monday, Governor Adeleke decried the increasing shortage of the new notes, calling on the Central Bank of Nigeria (CBN) to sanction financial institutions involved in such anti-people activities.

“The situation is getting out of hand. The CBN must act fast. Any bank hoarding the new notes must be sanctioned. We should not treat such banks with kid gloves.”

“My people are patient but we should not take their patience for granted. That is why I called this meeting. Why is the new notes not available? Is the supply small or inadequate? “, the Governor queried.

He expressed his administration’s readiness to partner with the CBN for the currency swap, informing the CBN team that the state is sacrificing a lot to maintain peace and calm frayed nerves.

“The new notes are not available. Even as a State Governor, I don’t have the new notes. You can see how hard it is for our people to access the new currency if their Governor is not getting them. We should not overstretch the cooperation we are enjoying from the citizenry. We are expected as elected and appointed leaders to respond to the needs and aspirations of our people “, Governor  Adeleke admonished.

Responding, the CBN state director, Oluyemi Adeyemi in response commended the state Governor for his proactive steps that have saved the state from naira-related riots.

“We must thank Mr Governor for reaching out to the people, for diffusing tension, for keeping the state peaceful. We are aware of the day Mr Governor stopped some angry youth from demonstrating and from attacking the CBN office.”

“On our part, we are working hard to make the new notes available. Let me say that the CBN has issued queries to some banks. I assure Nigerians that we are working hard to make the new notes available”, the CBN official stated.

At the end of the meeting, a monitoring mechanism was set up comprising state and CBN officials to ensure allocated new notes get to the populace. endorsement of Atiku/ Okowa.