CBN Directs Banks To Accept Deposits of Old N500, N1,000 Notes
Category: Nigeria News
The Central Bank of Nigeria has ordered banks to start collecting the old N500
and N1,000 notes from the public with immediate effect.
It,
however, pegged the maximum amount the banks can collect at N500,000.
The CBN maintained that the old currencies were no more legal
tender.
READ: President Buhari Approves Use Of Old N200 Note For 60 Days
A source from the bank said the CBN ordered the banks to collect the
monies instead of going to the CBN office following difficulties encountered
in getting access to the bank.
A CBN official said, “Go to your
bank but fill out the form before you go. Go with the reference code you
generate. With your code, banks will collect it from you. But if it is more
than 500,000, you will go to the CBN and deposit it.”
Earlier, the CBN opened a portal on its website and made it mandatory for
those willing to return old notes to fill and generate a code.
READ: Banks, Filling Stations, Supermarkets Reject Old Naira Notes
On Thursday, the CBN Governor, Godwin Emefiele, ordered the banks to make the old N200 notes available to Nigerians.
This was after the President, Major General Muhammadu Buhari (retd.), said the
old N200 note would be legal tender till April 10, 2023, while urging
Nigerians to deposit their old N500 and 1000 notes with the CBN.
However,
protests which had been rocking different states over the scarcity of the new
naira notes made the CBN order banks to collect higher denominations after
meeting with banks’ leaders.
READ: Old Naira Notes Remain Legal Tender In Kaduna - Governor El-Rufai
Which one weh go believe now
ReplyDeleteNigeria is now joke
Confusionist of Africa... smh
ReplyDelete