CBN Warns Commercial Banks Against Dispensing Old Naira Note

Date: 20-01-2023 6:20 am (1 year ago) | Author: Olusanya Akinrinola
- at 20-01-2023 06:20 AM (1 year ago)
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The Central Bank of Nigeria (CBN) has issued a warning to commercial banks that have ATMs stocked with old notes that are set to lose their legal tender status by January 31st.

During a sensitization program in Lokoja, the Kogi State capital, the Deputy Director of Currency Operations, Dr. Rekiyat Yusuf, stated that any ATM found to still have old notes will be shut down and that the operating bank will face appropriate sanctions.

Dr. Yusuf urged traders to take advantage of the January 31st deadline to exchange their old notes for the newly redesigned 200, 500, and 1,000 naira notes.
She emphasized that the CBN has made enough redesigned notes available for dispensing to the public, and that there is no reason for banks to still be stocking their ATMs with old notes.


Posted: at 20-01-2023 06:20 AM (1 year ago) | Hero
- kp45 at 20-01-2023 07:25 AM (1 year ago)
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You'll are unserious in the banking sector, taking the masses for a ride.
Posted: at 20-01-2023 07:25 AM (1 year ago) | Addicted Hero
Reply
- gogoman at 21-01-2023 12:52 AM (1 year ago)
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 Roll Eyes Roll Eyes Roll Eyes
Posted: at 21-01-2023 12:52 AM (1 year ago) | Grande Master
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fire TRENDING GISTS fire

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