Naira Crisis: Queues For Cash Persist, Customers ‘Bribe’ Bank Officials

Written by on March 7, 2023

Long queues yesterday persisted at banks across the country as customers struggled to withdraw cash, despite the ruling by the Supreme Court that the old note denominations remain legal tender until December 31, this year, Daily Trust reports.

A seven-member panel of the Supreme Court on Friday ruled that the old N200, N500 and N1000 notes remain legal tender until December 31.

Daily trust correspondents report that long queues were still witnessed yesterday at most bank branches in ilorin, Abuja, Kano and Lagos. It was also learnt that some cash-strapped customers bribed bank officials and security operatives to get cash.

Narrating her experience at one of the banks, Abike Oladapo, said she was in the bank as early as 7am to complain about a failed transaction, but was surprised to see people already on the queue waiting for the bank to open for the day’s business.

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