Residents of Kogi State have begged the Economic and Financial Crimes Commission (EFCC) to raid banks hoarding the new Naira Notes in the State.
Some Residents, who spoke with our Reporter expressed dismay over the scarcity of the new notes despite claims that Billions of Naira is in circulation by the Central Bank of Nigeria CBN.
In most Banks visited, there were long queue while some commercial banks failed to load their Automated.
A Customer, Oyiza Bello said efforts made to use the ATM Machine and Mobile App of Zenith Bank have proved abortive and there was no money in the machine.
Another Customer, Chief Modupe Olaitan, who operates an Orphanage Home, Rehoboth Children’s Home Lokoja said running the home has become difficult due to lack of cash.
Chief Modupe noted that when she visited the Adankolo branch of UBA, she was told that there wash no cash.
On his part, Ajejoh Emmanuel from Anyigba, Dekina Local Government Area expressed disappointment over his inability to access his money, saying the effect of the scarcity is on Small and Medium Enterprise.
A Trader in Okene, Hajia Ohunene Audu said the lack of fund has affected sales as most of them borrowed money to do business with increase in interest rate.
It was the same Complain at Kabba as a Civil Servant, Tope Olubiyo said she has been unable to withdraw her January salary due to cash scarcity.