JUST IN: Despite CBN’s Disclaimer, Banks Continue To Collect Old N500, N1000 Notes
WithinnigeriaFeb 18, 2023Read original
This morning, old N500 and N1,000 notes from customers were still being collected by Deposit Money Banks.
Contrary to what the
聽Central Bank of Nigeria聽claimed, the banks were not required to collect the old N5,000 and N1,000 notes from customers.
Among the financial institutions assembling the old notes are GTB, First Bank, Fidelity Bank, and Sterling Bank.
Additionally, contrary to the CBN’s assertion, the Cash Return Portal of the
聽CBN聽advised people with old N500 and old N1,000 notes worth less than N500,000 to deposit the money at their bank.
This is a developing story…