Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has clarified that the old 200, 500 and 1, 000 naira notes had ceased to be legal tender in the country since February 10, 2023.
Team@orientactualmags.com learned the CBN Branch Controller in Bauchi state, Haladu Idris Andaza, who made this clarification, noted that the old notes were no longer legal tender.
‘In the last 24 hours, we have been inundated with questions from various angles of the general public about our operational guidelines on the old currency notes, be that as it may, there are so many questions here and there which people have been asking about.
So for the avoidance of doubt, we wish to state categorically that CBN is ready to receive all of those old notes based on certain conditions and criteria. Customers are free to come to the Bank and deposit which they cannot do at the Commercial Banks anymore because the currency has seized to be a legal tender since the 10th of this month.
Consequently, the management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the CBN in all the 36 states in the Federation including FCT to deposit their money.
The customer has to go to the CBN portal and fill a form in the portal; there will be a form there concerning this currency redesign and exchange. After filling the form, you generate a code, you either print it or come with it in your mobile phone, give us the code and the information contained therein. In the form, you are expected to provide all the basic information about yourself, your account details and the amount you want to deposit.
By the time you have done it correctly, you come to the CBN where the code will be accepted from you as well as the money, process and confirm the genuineness or otherwise of the money to avoid receiving fake notes because there are some fake notes in circulation now’ he said.
Our reporters gathered that commercial banks and filling stations in Kwara state had on Monday rejected old naira notes from customers – Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980. Thank you
