Yobe orders micro finance bank to open branches in 17 local councils | The Guardian Nigeria News - Nigeria and World News

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Yobe State has ordered its Microfinance Bank (MfB) to open branches in all the 17 local councils. Governor Mai Mala Buni said the new branches would take banking services to the hinterlands.

The Director General, Press and Media Affairs to the Governor, Mamman Mohammed, disclosed, yesterday, in Damaturu that lack of banks in the 13 local councils had become a major problem to be addressed, especially as it concerns access to the new bills.

Noting that most of the local councils do not have financial institutions to access the new notes, he lamented that many people had to travel long distances to conduct financial transactions to meet their daily needs. MEANWHILE, the CBN has extended its sensitisation on the new monetary policy to the National Youth Corps members in Benue State. The Director, Financial Market and Team Lead in Benue, Dr. Angela Sere-Ejembi, said the apex bank was at the NYSC orientation camp to facilitate the swap of old notes with new ones.

 

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