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Naira Policy: CBN has Directed Banks to Accept & Collect Old Notes - Soludo

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NAIJA NEWS: Naira Policy: CBN has Directed Banks to Accept & Collect Old Notes - Soludo [New Naija News] » Naijacrawl
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The former CBN governor and incumbent Governor of Anambra state, Prof Charles Soludo has confirmed through a press release that commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers.



Soludo also insisted that tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.

The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March 2023.

The Governor, Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes.

4- Residents should report any bank that refuses to accept deposits of the old notes. Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch.

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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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Accept old N500, N1000 notes – Ondo Gov Akeredolu tells Nigerian traders

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NAIJA NEWS: Accept old N500, N1000 notes – Ondo Gov Akeredolu tells Nigerian traders [New Naija News] » Naijacrawl
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