Prof Charles Soludo, governor of Anambra State, on Monday, said that the Central Bank of Nigeria (CBN) has asked commercial banks to dispense and accept old naira notes as deposits.
The former CBN governor disclosed this in a statement he posted on his social media handles.
He explained that the Governor of CBN, Godwin Emefiele gave the directive at a Banker’s Committee meeting on Sunday.
He added that Emefiele personally confirmed the directive to him.
According to him, residents should report banks refusing to accept the old notes.
In the Twitter post titled: SPECIAL PUBLIC ANNOUNCEMENT Soludo said “Commercial banks have been directed by the Central Bank to dispense old currency notes and also to receive the same deposits from customers.
“Tellers at commercial banks are to generate the codes for deposits, and there is no limit to the number of times an individual or company can make deposits.
“The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March 2023. The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200, N500; and N1,000) and the new notes,” Soludo said.
The CBN had earlier directed banks to collect deposits of old naira notes up to a maximum of N500,000 but the depositor must obtain a code from the apex bank’s special portal created for that purpose.
Deposits above N500,000 will be taken in directly by the CBN and accounts credited accordingly.
