Naija News
CBN Orders Banks To Collect Old ₦500, ₦1,000 Notes
For Online PR / Hype / Music Promotion Call 08074130688
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 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 following difficulties encountered in getting access to the bank.
A CBN official said, “Go to your bank but fill the form before you go. Go with your 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.
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’s leaders.
Leave a Reply
-
Entertainment & Gist2 weeks ago
Tito Da.fire Releases “majekaja” A Remastered Version Of One Of Afro-fusion And Afrobeats Pioneer Songs That Topped Charts
-
Naija News6 days ago
The Family of Late Engr Precious Ofurum, the young sound engineer who died alongside Junior Pope in the ill-fated boat accident get 10 million cash donation from Billionaire Prophet Jeremiah Fufeyin (Watch Video)
-
Naija News1 week ago
Viral Igbo Religion Priest’s Shocking Reversal: Recants Senseless Claims Against Jesus Christ’s Supreme Power After Warning from Prophet Jeremiah Fufeyin
-
Bubbling Under2 weeks ago
Mr Rise – Tell Me
-
Naija News3 days ago
Mr THANKGOD Ikoma, a survival of the infamous boat accident, just got 2 million naira cash donation from Billionaire Prophet Jeremiah Fufeyin (watch videos)
-
Naija News2 weeks ago
Junior Pope: Prophet Jeremiah Fufeyin’s Prophecy Sends Chills Down Spines, Raises Questions on Fate and Destiny
-
Naija Music2 weeks ago
Nuzzi Unveils Sensational EP “Roses N Diamonds,” Showcasing Musical Brilliance and Artistic Innovation
-
Naija Music2 weeks ago
AUDIO + VIDEO: Boikay Doinz – Trabaye feat. Sunny Bee Fresh & Quest Tha Rapper
Pingback: Study in Africa
Pingback: home