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CBN clears air on acceptance of old Naira notes

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NAIJA NEWS: CBN clears air on acceptance of old Naira notes [New Naija News] » Naijacrawl
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The Central Bank of Nigeria has cleared the air by directing commercial banks to dispense and accept the deposit of old Naira notes amid the raging currency crisis.



Dr. Isa Abdulmumin, Acting Director of Corporate Communication at the CBN, in an exclusive chat with The Daily Post on Monday, clarified that there is no statement from the apex bank telling commercial banks to dispense and accept the old N500 and N1000 notes from Nigerians.

Abdulmumin was reacting to a statement by the governor of Anambra State, Prof. Chukwuma Soludo, who claimed the apex bank had directed commercial banks to dispense and accept the old notes.

He said, “Governor Charles Soludo’s statement emanates from him, not the Central Bank of Nigeria." The Central Bank has not issued any statements directing banks to collect old naira notes. I am sure that sometime in the future, the bank will issue a statement”.

CBN’s silence 10 days after the Supreme Court ruling validating the old naira notes has continued to unsettle economic stakeholders amid Nigerians’ hardship over the naira crisis.

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Naija News

CBN orders banks to start collecting old 500 & 1000 Notes

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NAIJA NEWS: CBN orders banks to start collecting old 500 & 1000 Notes [New Naija News] » Naijacrawl
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Sequel to the long queue being experienced at the Central Bank of Nigeria branches nationwide, the CBN 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 still no more legal tender.A source from the bank said the CBN ordered the banks to collect the monies instead of going to the CBN office foll...
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Reps ask CBN to extend deadline for old notes by 6 months, summon bank MDs

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NAIJA NEWS: Reps ask CBN to extend deadline for old notes by 6 months, summon bank MDs [New Naija News] » Naijacrawl
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The Central Bank of Nigeria has been asked by the House of Representatives to extend the window for accepting old naira notes by six months.Additionally, the House decided to invite the CBN, a few managing directors from various banks, and others to inform the leadership of the House about the availability of the notes.The choice was made in response to a motion of urgent public importance made by Katsina State lawmaker Sada Soli.He claimed that because traders have...
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NAIJA NEWS: Guber poll: INEC clears air on removing Igbo, South-south from election duties [New Naija News] » Naijacrawl
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