There are mixed reactions from traders, business owners and customers in Anambra State over the commercial banks’ acceptance of deposits in old N500 and N1,000 old notes. This is a day after the Central Bank of Nigeria (CBN) in a statement on Monday directed commercial banks to issue and to accept the old Naira notes from Nigerians. SaharaReporters on Tuesday found out that commercial banks in Awka, Anambra State capital issued the old N500 and N1,000 notes to customers but only accepted deposits of same from customers who generated CBN code from cyber cafe.
March 14, 2023There are mixed reactions from traders, business owners and customers in Anambra State over the commercial banks’ acceptance of deposits in old N500 and N1,000 old notes.
When SaharaReporters visited Access Bank branch located along Enugu-Onitsha Expressway, a staff of the bank in its bulk room said that though they accept deposits of the old Naira notes, the depositor must personally generate CBN code from the cyber cafe. A similar condition applies at the First Bank branch also located along Enugu-Onitsha Expressway of the capital city.
A trader in the popular Eke Awka Market, Johnson Chukwudi, told SaharaReporters that"The problem is not accepting the old notes, but the fact that banks are not accepting it back except you go through the process of generating a code. And I don't have that time. So, for now, I'm not accepting it until the banks start accepting it properly."
"If the government is not ready to bring out the old money, they should just leave it. We have been stressed too much."A commercial bus driver who simply identified himself as James told SaharaReporters that"The government said we should start using the old notes till the end of this year, so, that is why I'm accepting it.
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