March 3, 2024

BREAKING NEWS: CBN Directs Commercial Banks To Gives Old, News Naira Notes

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By Simeon OSAJIE

Central   Bank of Nigeria (CBN) has directed Commercial Banks to dispense old Naira notes and to also receive same as deposits from customers, The9JaTREND gathered.

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

Emefiele also give directives to Commercial Banks to generate the codes for deposits and there is no limit to the number of time an individual or company can make deposits.

Acording to the Governor of Anambra State, Prof Charles Soludo, “Emefiele personally confirmed the above to me during a phone conversation on Sunday night”.

The governor asked residents of Anambra State to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes.

“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,” Governor Soludo added in his statement.

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