Gov. Adeleke warns banks to stop giving out old notes to citizens.

Ademola Adeleke, the governor of Osun State, has warned commercial banks in the state not to continue distributing old naira notes to clients if they do not intend to return them as deposits.

The governor expressed concern about how commercial banks are mistreating state residents by refusing to take outdated currency notes even after customers had been paid with them.

This was said in a statement released on Monday in Osogbo by his spokesperson, Malam Olawale Rasheed.

Adeleke claimed that he had received numerous complaints from customers of banks who claimed that the institutions had rejected deposits of outdated currencies and that this had had an adverse effect on the general people.

“I have received several calls from Bank customers across the state. The deliberate refusal of banks to collect old notes is creating serious economic complications for residents of the state.

“For the banks to issue old notes and refuse to accept old notes as a deposit is highly unacceptable,” the statement said.

The governor, however, called on the Central Bank of Nigeria to direct the banks operating in the state to correct the anomalies.

“The state director of the CBN is specifically requested to direct the banks to halt this unhealthy practice.

“If banks will not accept old notes as deposits, they must stop issuing old notes for withdrawal. The current pain being inflicted on our people must stop,” he said.