Commercial Banks Are Instructed By The CBN To “Dispense And Receive” Old Naira Notes From Clients – Gov. Soludo

…promises to shut down insolvent banks

In a statement he personally signed on Monday, Professor Soludo stated, “The Central Bank has instructed commercial banks to give out old currency notes and to accept same as deposits from clients.

There is no restriction on the quantity of deposits that a person or business may make, and tellers at commercial banks produce the codes for deposits “.

“On Sunday, March 12, 2023, during a meeting of the Bankers’ Committee, the Governor of the CBN issued the order. On a phone call with me on Sunday night, the governor, Dr. Godwin Emefiele, personally corroborated the information above. So, it is suggested for Anambra residents to freely accept and do business using both the old currency notes (N200, N500, and N1,000) and the new notes “.

“Any bank that won’t accept deposits of the old notes should be reported by the locals. In addition to reporting such a bank to the CBN, the Anambra State Government would also promptly close the defaulting branch “The governor said.

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