No deadline for returning bad notes to banks – CBN September1st SundayThoughts
The Central Bank of Nigeria has said that the general public can return mutilated bank notes to their banks after the September 2 deadline earlier reported.
in Lagos on Saturday, said the apex bank’s position was contrary to reports that the collection of mutilated notes would stop after the deadline. “The September 2, 2019, deadline does not apply to bank customers or the general public who will continue to return mutilated notes to the banks. It only applies to the banks because free sorting of naira notes for them will cease at the expiration of that deadline.”
He said, “We opened a window from June to September so that when they bring the notes without sorting we can sort it for them free. But as from September 2 , if they get those notes, they need to sort them before they bring them to us.
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