Olu Samuel, Lokoja

The Central Bank of Nigeria, CBN has licenced 400 money agents to facilitate easy to the newly redesigned notes by the rural dwellers.

This is to enable more people meet the January 31st deadline for the final withdrawal of the old notes from circulation.

Speaking on Thursday as the palace of Elulu of Mopa,Oba Julius Folorunsho,the Kogi state Branch controller of the Apex bank, Ahmed Sule Isah said that people can visit any of the agencies to swap their old notes with the newly redesigned notes adding that an individual would be entitled to swap 10,000 at a time.

” People can also deposit their old notes into their accounts while those without bank account would be encouraged to open one at the point of the liscensed Agents”.

According to him,”the aim was also to encourages cashless policy as people would also be encouraged to key into the e payment system of the Apex bank.”

The Ex Governor of the state,Chief Clarence Olafemi who responded on be”half of the Elulu however pleaded with the CBN to consider an extension to the January 31st deadline particularly for the rural dwellers failure if which their economy would collapsed.

“Our economy in this part of the state state has already collapsed, people are no longer opening their shops,those who manage to open are exploiting the masses,I am pleading with you to prevail on the management to consider the rural dwellers before setting the deadline since the redesigned policy is not aimed at punishing the people”. He said.

Olafemi who was once Speaker of the state house of Assembly said,”I know a bit about the business of lawmaking,you have to consider consequences before making laws and not the other way round”.

He also called for improvement in access to effective communication to the rural areas which he said was also one of the reasons why the notes swapping must be extended.