Continue to return mutilated notes after September 2, CBN tells customers SaturdayMotivation
The Central Bank of Nigeria on Saturday said that the general public can continue to return mutilated banknotes to their banks after the September 2 deadline.
Okoroafor said that people had been misinterpreting the story to say that the banks would stop the collection of mutilated notes after September 2.“The general public should continue to return mutilated banknotes to their banks after the deadline. “It only applies to the banks because free sorting of Naira notes for them will cease at the expiration of that deadline,” Okoroafor said.Okoroafor said that “We opened a window from June to September, so that when they bring the notes without sorting, we can sort it for them free.“The deposit by customers and acceptance by commercial banks of mutilated notes is a normal and continuous banking practice and as such continues even after September 2.
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