[b][/b]The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect.

It, however, pegged the maximum amount the banks can collect at N500,000.

The CBN maintained that the old currencies were no more legal tender.

A source from the bank said the CBN ordered the banks to collect the monies instead of going to the CBN office following difficulties encountered in getting access to the bank.

A CBN official said, “Go to your bank but fill out the form before you go. Go with the reference code you generate. With your code, banks will collect it from you. But if it is more than 500,000, you will go to the CBN and deposit it.

Earlier, the CBN opened a portal on its website and made it mandatory for those willing to return old notes to fill and generate a code.

On Thursday, the CBN Governor, Godwin Emefiele, ordered the banks to make the old N200 notes available to Nigerians

https://www.google.com/amp/s/punchng.com/breaking-cbn-orders-banks-to-collect-old-n500-n1000-notes/%3famp

The CBN maintained that the old currencies were no more legal tender.

A source from the bank said the CBN ordered the banks to collect the monies instead of going to the CBN office following difficulties encountered in getting access to the bank.

Nothing actually changed!!
CBN still maintain their stand on new currency!!

They only want to help people to collect their old money, rather than going to CBN..

Now after depositing your old money, what next?
The scarcity of new note persists

AY comedy shows are always well organize than Nigeria CBN..how can you give instructions without thinking of aftermath??

Emefielele is a dollard...always knee jack reactions

This government has lost it. They don't have direction at all.

Buhari Atikuluku
Balabu everywhere

One man put more then 200 million people into this situation

Now I understand why Jesus wept

Really! That is good news.

if the minimum amount is just 500k it means the policy is against the poor not the rich

What would IPOB terrorists of Peter do now..

Congratulations Asiwaju.

If this is true, it will do us much good but one thing we should take note of is that so many people will still default n cry n when will the new currencies be available?

Good decisions at least it will reduce the pressure on CBN but the vote buyers will still chin chin hoo

This Emefiele deserve an award as a confusionist

El-Rufai has. Thought them the act of law

The old note shall be replaced with new one as long as 100 years


IPOB of Zombidiots how market ?

Jones4190:
if the minimum amount is just 500k it means the policy is against the poor not the rich

Please read to comprehend before you comment.

Piiggiddioootts in the mud

Piggiiddioootts amaka

That's a little relief

Lol why's this country confusing someone....


If this is true then people crying Abt Vote buyers don lose.....


Dem don suffer in vain.....


Derr future go don dey blink like this since the sufferness is for dere future....

I pray it work ooo

CilicMarin:
What would IPOB terrorists of Peter do now..

Congratulations Asiwaju.

Enjoy your change and stop wailing.

How can Hell-Rufai and Gandollar deposit over 20bn given to them by Thifnubu to buy northern votes?

Jones4190:
if the minimum amount is just 500k it means the policy is against the poor not the rich

You be Olo do...

The news said the maximum amount bank should collect from an individual is 500k, if a customer wants to return more than 500k, you have to go to CBN and do that.

How is that against the poor and for the rich biko?

Na wa o!

Jones4190:
if the minimum amount is just 500k it means the policy is against the poor not the rich

Maximum not minimum read well and understand