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CBN warns Nigerians to take their old notes to banks

Admin by Admin
10 December 2022
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CBN vows to punish banks over deposit of mutilated naira notes
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By Uzair Adam Imam

The Central Bank of Nigeria (CBN) has required citizens to take their current naira notes to the banks as quickly as possible.

The CBN governor, Godwin Emefiele, made this disclosure while fielding questions from State House reporters on Thursday.

He said that the banks had already started dispensing the new cash, which reached their various offices on Wednesday to their customers.

The redesigned notes presented to the public are the N1000, N500 and N200, respectively.

The governor added, “I can only assure you that it will go around. Let us just be calm. Luckily, the old currency continued to be legal tender till January 31, 2023. 

“So, I want to crack a joke, both the painted (new notes) and unpainted (old notes) will operate concurrently as legal tender. 

“But by January 31, the unpainted one will not be useful to you again, so please take it to your bank as quickly as possible,” he said.

See also  Adamu Garba dumps APC
Tags: Central Bank of NigeriaGodwin EmefieleNaira RedesignNigeria
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