The Nigerian Security Printing and Minting has debunked the shortage of printing material.
The apex bank also denied claims that it plans to shut down commercial banks in a geo-political zone.
This was disclosed in a statement signed on Saturday by CBN’s managing director Ahmed Halilu.
CBN said NSPM is not experiencing insufficient printing materials, as alleged by a report making the rounds in the media.
Also, the apex bank frowns at vested interests attempting to pitch the public against the Bank.
It assured the public that the Bank would continue to execute its constitutional mandate by ensuring the smooth nationwide circulation of the currency.
“We wish to further assure Nigerians that NSPM has made adequate arrangement to continuously produce redesigned Banknotes as well as other denominations inline with the CBN indent for the year.” the statement read.
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