We would like to formally state the facts surrounding our branch in Ado Ekiti.

1. The Naira notes referenced were received prior to the re-configuration
of the branch’s Automated Teller Machines (ATMs) to dispense the 200
Naira denomination.

2. On January 23, 2023, a regulatory official visited our branch in AdoEkiti and the vault contained N 6,000,000 in N 200 denominations.

3. During the visit, the official observed that we had ran out of N1,000
and N500 notes on that day and were unable to load the N200 as the
ATMs had not yet been configured to dispense N200 notes.

See also  New Unemployment Claims Decline, but Remain ‘Alarmingly High’

4. At the time of the visit, the subsisting instruction was that the newly
designed notes were not to be dispensed over the counter.

5. All our ATMs have been dispensing the available quantities of the N1000 and N500 denominations of the newly designed currency as received since the commencement of the policy.

See also  Ethnic Serb among guests at ceremony marking anniversary of Croatian offensive

We have also successfully reconfigured our ATMs nationwide to dispense N200 notes.

6. All denominations can now be withdrawn from our ATMs and over the counter in line with regulatory pronouncement on February 2, 2023.

We hereby confidently assure the public that the branch was not hoarding any funds and that Sterling remains at the forefront of ensuring that this exercise is a resounding success.

See also  Food Tourists Trickle In to New York’s Pandemic Dining Scene

Together, we will all overcome this inconvenience and come out stronger.

Ademola Adesina
Public Relations and News Management

LEAVE A REPLY

Please enter your comment!
Please enter your name here