CBN Asks Nigerians To Reject Old Naira Notes From Banks

The Central Bank of Nigeria (CBN) has directed customers to start rejecting old naira notes from banks, insisting that the old notes ceased to be legal tender by the January 31 as earlier stipulated.

The Deputy Director, Currency Operation, Dr Rekiyat Yusuf, disclosed this in Lokoja, Kogi State, on Thursday during the sensitisation of market men and women about the redesigned naira notes.

She said that appropriate sanctions would be applied against any erring banks found dispensing old notes to customers henceforth.

The CBN therefore directed customers to report any bank still dispensing old notes either over counter or through the Automated Teller Machine (ATM) to the apex bank.

Yusuf further urged traders to avail themselves of the window provided by the January 31st deadline by visiting banks to exchange the old notes with the new ones.