Central Bank Governor, Godwin Emefiele has stated that Nigerians with old notes can still deposit them at commercial banks even after the February 10 deadline.

The Central Bank of Nigeria Governor disclosed this on Tuesday while appearing before the House of Representatives ad hoc committee.

According to the Speaker of the House, Femi Gbajabiamila, the CBN Act mandates commercial banks to accept old notes.

“After the expiration date, such naira notes changed will no longer be legal tender but it also says that even five months, three months, or two months after, even in June, all the old notes presented to the bank shall be redeemed by the bank,” Mr Gbajabiamila had said in a speech on Thursday, 26 January 2023.

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