Commercial banks in the country have been instructed to collect the old Naira notes they deposited in the Central Bank of Nigeria (CBN), with a view to ending the current Naira scarcity.
A source at the CBN said with this development, the country would be awash and flooded with Naira notes before the end of the week.
The Nigeria Labour Congress (NLC) had earlier threatened that it was set to shut down CBN offices nationwide over inability of the apex bank to make banknotes available for Nigerians.
The protest which is expected to start next week, is coming at the expiration of the seven-day ultimatum given to the federal government, the CBN and commercial banks in Nigeria to end the current cash crunch.
NLC National President, Comrade Joe Ajaero, told journalists yesterday at a briefing in Abuja that the decision was necessary after the ultimatum issued last week came to an end yesterday.
The organised labour also directed all the affiliate unions to commence the mobilisation to ensure total compliance with the proposed shutdown of the apex bank.