Anambra State governor Chukwuma Soludo said the Central Bank of Nigeria (CBN) has directed banks to dispense old naira notes.
Soludo said CBN governor Godwin Emefiele made the disclosure to him in a phone conversation on Sunday night. "Commercial banks have been directed by the Central Bank to dispense old currency notes and to also…Soludo said CBN governor Godwin Emefiele made the disclosure to him in a phone conversation on Sunday night.
“Tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.” “Residents should report any bank that refuses to accept deposits of the old notes. Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch,” Soludo said.The Anambra governor’s disclosure comes 10 days after the Supreme Court ruled that old 500 and 1000 notes will remain legal tenders till December 2023.
Businesses, commercial services, and individuals have been hard-hit by the implementation of the Naira redesign policy that caused a shortage of cash, culminating in violent protests and attacks on banks by individuals in different parts of Nigeria in February.
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