 A tale of confusion and scarcity now trace the issuance of the new Naira Nord since it strolled out two days ago. Our correspondent, Emmanuel Odubo-Boku, who felt the pause of Nigerian's reports that residents are bemoaning the unavailability. His report. On the 15th of December, the Central Bank of Nigeria commenced the distribution of the newly redesigned Naira to the banks and readiness for issuance to customers. This is just as the governor of the IPEX Bank disclosed that since the announcement of the new policy, the IPEX Bank has taken more than 500 billion Naira from the banks and have also deposited clues to that number. Despite these assurances, Nigerians are singing discardant tunes. The note is not in circulation at all. Apparently I've not seen any of the notes, the new note at all. I've not seen the 1000 Naira note, I've not seen it. I only see this on social media. So I think we have to look at the major things, not even the money, because as we speak right now, the notes are not even in circulation. But let Nigeria actually look at, let the government, the federal government, I mean, look at the major issues in Nigeria and try to resolve them. In my ATM for the past three days, I've not withdrawn the new cash, because I'm hoping that it will circulate, it will be circulated through that circulation. I've used ATM twice today and at least I saw a lot of people withdrawing money. I have not seen it and I've not been in contact with the money. So I don't know if it is true or not. Himifiliu said the new note was sent to the banks on December 13th, insisting that the timelines in terms of December 15th for commencement and the January 34th deadline were sacrosanct, but signaled that the CBN may tinker with new policy on cash withdrawal limits. This has also got Nigerians talking about how it affects them. I don't know how Nigeria is going to cope with this, because if it's not in circulation and there is a limit placed on a withdrawal of 20,000 Naira, so how do we cope with the present economy and the way things are really going right now? For those guys not to be able to do what they usually do when it comes to election period and stuff like that, she gets. It's just to reduce fraud and everything. Because all these are our top top people, they don't spoil everything for us. I don't know if you understand me, they don't spoil everything. So for me, it's a good idea. The policy is good. I like it. I like it for myself. I like it. But it will not favor some other person. Well, for us, the masses, it's good. It's fine. The CBN announced a new policy of 100,000 Naira and 500,000 Naira weekly withdrawal limit for individuals and corporate organizations, respectively. Although Nigerians are still trying to grasp the new policies, as they are, however, hopeful of a review on the limits, as they also expect a full rollout of the new notes by the banks before the deadline. Emmanuel Oulu-Bubbubbukum, plus TV News. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.