{"id":11885,"date":"2023-02-06T03:00:06","date_gmt":"2023-02-06T03:00:06","guid":{"rendered":"https:\/\/theblogonline.com\/?p=11885"},"modified":"2023-02-06T03:00:06","modified_gmt":"2023-02-06T03:00:06","slug":"sterling-bank-breaks-silence-on-alleged-hoarding-of-new-naira-notes-at-ekiti-branch","status":"publish","type":"post","link":"https:\/\/theblogonline.com\/?p=11885","title":{"rendered":"Sterling Bank Breaks Silence On Alleged Hoarding Of New Naira Notes At Ekiti Branch"},"content":{"rendered":"<p class=\"p1\">New Notes Distribution At Ado-Ekiti Branch<\/p>\n<p class=\"p1\"><span class=\"s1\">We would like to formally state the facts surrounding our branch in Ado Ekiti.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">1. The Naira notes referenced were received prior to the re-configuration of the branch\u2019s Automated Teller Machines (ATMs) to dispense the 200 Naira denomination.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">2. On January 23, 2023, a regulatory official visited our branch in AdoEkiti and the vault contained N 6,000,000 in N200 denominations.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">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 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">ATMs had not yet been configured to dispense N200 notes.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">4. At the time of the visit, the subsisting instruction was that the newly designed notes were not to be dispensed over the counter.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">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. We have also successfully reconfigured our ATMs nationwide to dispense N200 notes.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">6. All denominations can now be withdrawn from our ATMs and over the counter in line with regulatory pronouncement on February 2, 2023.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">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. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Together, we will all overcome this inconvenience and come out stronger.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Ademola Adesina<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Public Relations and News Management<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Notes Distribution At Ado-Ekiti Branch 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\u2019s Automated Teller Machines (ATMs) to dispense the 200 Naira denomination. 2. On January 23, 2023, a regulatory official visited our branch [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11886,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2456],"tags":[6420,6275,167],"class_list":["post-11885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ekiti-branch","tag-new-naira-notes","tag-sterling-bank"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11885"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11885"}],"version-history":[{"count":1,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11885\/revisions"}],"predecessor-version":[{"id":11887,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11885\/revisions\/11887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/11886"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}