The excruciating pains confronting Kano residents as a result of naira scarcity may soon degenerate as commercial banks in the ancient city now operate with zero cash in their vaults.
Worse still, the new and old generations of financial institutions have stopped receiving old naira notes from customers in the last three days despite a government threat to sanction erring outlets that turn down the legal tender.Chairman, Kano State Public Complaints and Anti-corruption Commission, Barr. Mahmoud Balarabe told journalists at the end of the commission’s enforcement operation Wednesday evening.Barr.
Balarabe disclosed that the Anti-corruption Commission had embarked on enforcement operations to banks, petroleum stations and other outlets following a series of public outcry on the outright rejection of the old naira notes.
