Ogun government meets with CBN and 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 citizens of the state might withdraw for transactions conducted 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 voiced dissatisfaction over the ongoing trend of long lines at the automated teller machines before customers could withdraw cash at a meeting with the CBN management presided over by the Branch Controller, Wahab Oseni.

The governor expressed his sadness at the fact that residents who were fortunate enough to receive cash could only receive N2,000 per transaction.

The governor’s stated, “I have met with the President and the CBN governor. It is within the rights of the CBN by law and as enshrined in the constitution.

“Our people went out in their numbers but our people who deposited money and felt they would have as much money as they had deposited or need for their daily needs and welfare and wellbeing.

“We’ve had to suspend our campaigns. I met with people over the weekend who said to me that they had not eaten for days, especially, those from the informal sector.

“As a governor, whose primary function is the welfare and security of our people, I need to find out how we can interact with you to see how we can improve on the current level of distribution of the currency in order to diffuse tension.”