CBN approves use of old Naira notes – Soludo

CBN approves use of old Naira notes

Anambra state Governor, Professor Charles Chukwuma Soludo on Monday the 13th confirmed that the Central Bank of Nigeria has directed commercial banks to dispense and accept old naira notes as deposits.

Prof Soludo a former CBN Governor made this known in a statement he posted on his official social media handles.

He clarified that the instruction was given at a Banker’s Committee meeting on Sunday by CBN Governor Godwin Emefiele.

Emefiele personally verified the order to him, and he continued.

Residents should report banks that are refusing to take the old currencies, he said.

“Commercial banks have been directed by the Central Bank to dispense old currency notes and also to receive the same deposits from customers. Tellers at commercial banks are to generate the codes for deposits, and there is no limit to the number of times an individual or company can make deposits.

“The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March 2023. The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200, N500; and N1,000) and the new notes”, the statement contained.