Emefiele Orders Commercial Banks To open On Weekends

Central Bank of Nigeria, governor, Godwin Emefile, on Friday, instructed all the commercial banks in Nigeria to open for service on Saturdays and Sundays.

The essence of the weekend banking was part of a coordinated effort to ease circulation of banknotes of various denominations.

The apex bank also revealed that it has started the evacuation of banknotes from its vaults to commercial banks across the country.

CBN Acting Director, Corporate Communications Department, Isa AbdulMumin, in a statement in Abuja, on Friday, said a substantial amount of money, in various denominations, had been received by commercial banks, for onward circulation to their respective customers, even as it prevailed on banks, to conduct physical operations in banking halls through the weekends.

“The CBN has directed all banks to load their Automated Teller Machines, as well as conduct physical operations in the banking halls through the weekends

“Branches of commercial banks will operate on Saturdays and Sundays to attend to customers’ cash needs.

“The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, would personally lead teams to monitor the level of compliance by the banks in various locations across the country,” Excerpts of the statement read.