CBN to Nigerians: Deposit old naira notes before end of new deadline

From Umar Dankano, Yola

Nigerians have been urged to deposit their monies especially the old naira notes in various commercial banks before expiration of the 10 days extension.

The Director Internal Audit Department of the Central Bank of Nigeria, CBN, Mrs Lydia I. Alfa made the plea yesterday while sensitizing traders on the redesigned naira notes at Yola-Motor park in Yola South local government area of Adamawa state.

While thanking President Buhari and the Governor of the Central Bank, Godwin Emiefele for listening to the people’s outcry, Mrs Alfa said people should make conscious effort to deposit their old notes in various their accounts and not to wait until last hour before rushing to the banks.

“Take advantage of the ten days extension to deposit the old two hundred, five and one thousand naira in your accounts before they cease to be legal tender on the deadline as approved by the CBN,” she said.

She explained that those without Bank account can approach CBN super agents for money swap or POS operators and account opening and deposit their money.

She reiterated that CBN will penalize any bank whose ATM machines dispense old notes, calling on people to report such banks to CBN for immediate action.

The Director called on market men and women not to reject old naira notes as they are still legal tender until the extension days expired noting that the rejection will affect their businesses and invariably affects their income.


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