Withdraw old naira notes from circulation, group tells CBN

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Withdraw old naira notes from circulation, group tells CBN
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“It is more worrisome that when you withdraw from ATMs across the country, what you have on your hands are dirty, mutilated and tattered naira notes which ought to be rejected outright by all Nigerians lest they expose themselves to a health hazard.”

The group made the appeal in a statement it issued in Lagos on Saturday.

The group said the appeal became necessary as the continued recirculation of old, tattered naira notes, which had passed several hands, might lead to further spread of the pandemic. “We observe with sadness that what most banks are doing is to push out these dirty naira notes in endless recycling of what should have been withdrawn and replaced with freshly minted notes.

According to the pan-Nigerian group, such dirty notes, once received by banks, are immediately sent to the mint for replacement in advanced countries.

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