Osun State Governor Ademola Adeleke has made a new disclosure.

He stated that even as a governor, he does not have the redesigned currency, and that the ongoing scarcity of new naira notes is causing hardship for the populace.

He stated that he has been deploying a state network to dissipate tension and ensure the safety of banks and the CBN state office while lamenting the suffering that the increasing scarcity has brought the state's residents.

Governor Adeleke called on the Central Bank of Nigeria (CBN) to impose sanctions on financial institutions that engage in such anti-people activities when he addressed CBN officials in his office on Monday. He complained about the increasing shortage of the new notes.

The situation is rapidly becoming excruciating. The CBN must move quickly. Any bank that hoards the new notes needs to be punished. We shouldn't treat these banks with complacency.

My people are patient, but we shouldn't underestimate their patience. I called this meeting because of this. Why aren't the brand-new notes available? Is there insufficient or insufficient supply? The Governor interrogated.

He informed the CBN team that the state is putting in a lot of sacrifices in order to keep peace and calm tense nerves, and he expressed his administration's willingness to collaborate with the CBN on the currency swap.

The new notes are not available. Even as a State Governor, I don’t have the new notes. You can see how hard it is for our people to access the new currency if their Governor is not getting them. We should not overstretch the cooperation we are enjoying from the citizenry. We are expected as elected and appointed leaders to respond to the needs and aspirations of our people “, Governor  Adeleke admonished.

Responding, the CBN state director, Oluyemi Adeyemi in response commended the state Governor for his proactive steps that have saved the state from naira-related riots.

“We must thank Mr Governor for reaching out to the people, for diffusing tension, for keeping the state peaceful. We are aware of the day Mr Governor stopped some angry youth from demonstrating and from attacking the CBN office.”

“On our part, we are working hard to make the new notes available. Let me say that the CBN has issued queries to some banks. I assure Nigerians that we are working hard to make the new notes available”, the CBN official stated.

At the end of the meeting, a monitoring mechanism was set up comprising state and CBN officials to ensure allocated new notes get to the populace. endorsement of Atiku/ Okowa.