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Breaking: CBN Makes Official Statement on Old Naira Notes

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NAIJA NEWS: Breaking: CBN Makes Official Statement on Old Naira Notes [New Naija News] » Naijacrawl
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After several criticism from different quarters, the Central Bank of Nigeria (CBN) on Monday Night said old N200, N500, and N1,000 banknotes remain legal tender Till December 31, 2023.



The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin stated this in a statement on Monday.

“In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023.

“Accordingly, the CBN met with the Bankers’ Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.

“Consequently, all concerned are directed to conform accordingly.”

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Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

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Old & New Notes Remain Legal Tender - CBN

Piroll

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NAIJA NEWS: Old & New Notes Remain Legal Tender - CBN [New Naija News] » Naijacrawl
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NAIJA NEWS: CBN orders banks to start collecting old 500 & 1000 Notes [New Naija News] » Naijacrawl
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Reps ask CBN to extend deadline for old notes by 6 months, summon bank MDs

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