The Central Bank of Nigeria (CBN) has declared that the old Naira Notes of N200, N500 and N1000 have ceased to be legal tender in Nigeria since the 10th of February, 2023.

The declaration was made by the Branch Controller of the Central Bank of Nigeria (CBN), Bauchi, Haladu Idris Andaza while briefing Journalists on Monday at the CBN, branch in Bauchi.

He said that “In the last 24 hours, we have been inundated by questions from various angles of the general public about our operational guidelines on the old currency notes, be that as it may, there are so many questions here and there which people have been asking about.”

According to him, “So for the avoidance of doubt, we wish to state categorically that CBN is ready and is opened to receive all of those old notes based on certain conditions and criteria.”

“Customers are free to come to the Bank and deposit which they cannot do at the Commercial Banks anymore because the currency has seized to be a legal tender since the 10th of this month".

Consequently, the management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the CBN in all the 36 states in the Federation including FCT to deposit their money.

“The customer has to go to the CBN portal and fill a form in the portal, there will be a form there concerning this currency redesign and exchange.”

Andaza further explained that “After filling the form, you generate a code, you either print it or come with it in your mobile phone, give us the code and the information contained therein. In the form, you are expected to provide all the basic information about yourself, your account details and the amount you want to deposit.

Siwisheswereesh:
This one is playing with prison - contempt of court

BossGerald:


Oluwole supreme court injustice

Houseontherock1:
They are not talking about how people will have access to their money, they are more concerned about how they will mop up the remaining money. I'm beginning to pity Emefailure now, he seem to be caught in a strong web of propaganda, he's just a tool in the hands of the cabal and Mr Bubu. They chose the right man though, because a man with any integrity would have resigned instead of agreeing to be used to punish his people

Siwisheswereesh:
This one is playing with prison - contempt of court

Siwisheswereesh:
This one is playing with prison - contempt of court

Validated:
Urchins are welcome to Elrufai Bank of Stupidity or they can go to Supreme Court Bank of FOOLISHNESS

pafra:


CBN was not joined in the suit. So relax

Validated:

Go and arrest Vuhari.

jyz200:
This policy will breed anarchy cbn should do the needful
Trust me here in lasu we are still transacting with the old note with joy self

Siwisheswereesh:


Emefiele will be arrested instead