fbpx
Monday, January 30, 2023
  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot
ONIFTV
  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot
No Result
View All Result
ONIFTV
  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot
No Result
View All Result
ONIFTV
No Result
View All Result
Home LATEST

CBN Asks Nigerians To Reject Old Naira Notes From Banks

Elixir by Elixir
January 20, 2023
in LATEST
0
Naira crashes to record low at official market
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

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.

You might also like

2023: Buhari tells Nigerians politicians to avoid voting for

Wabba: NLC Support For Peter Obi Hasn’t Changed

6-Month-Old Baby Dies In Sleep After Mother Allegedly Gave Him Tramadol To Go Clubbing

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.

“There is no reason for banks to still be stocking their Automated Teller Machines with old notes as the Apex bank has made enough redesigned notes available for dispensing to members of the public. Any bank caught would be made to face appropriate sanction”, she said.

In a response to a customer over the continued dispensing of old naira notes via ATMs, Yusuf said, “If banks give you old notes, reject them and return them to the banks and report the banks to us immediately for appropriate action. We have given them enough new currency notes to dispense to replace the old ones in circulation.

“Carry your old naira notes in your possession to the bank, deposit it without any charges attached. CBN has directed commercial banks not to charge anything on such deposit. By 31st January, this present naira notes will not be accepted for buying and selling in this country.”

Yusuf outlined the reasons for redesigning the notes to include curbing terrorism, kidnapping for ransome and endemic corruption in the society, adding the action was taken to control inflation.

“There is also the need to fulfill international best practices of redisegning currency once in five to eight years. We are long over due since the present currency came into operation since 1984,” she said.

Thereafter, she embarked on the inspection of some ATMs within the Lokoja metropolis to ensure that the machines were stocked with the newly redesigned notes.

Earlier, the Kogi State branch controller of CBN, Alhaji Ahmed Sule, said, “Lokoja being a gateway state to many states where a lot of business transactions involving currency exchange takes place, it is necessary to embark on active sensitisation due to its primary responsibility of issuing currency to the public.

Tags: CBN
Elixir

Elixir

Related Posts

Buhari not loyal to Nigeria, will retire to Niger Republic in 2023 – Ohanaeze chieftain, Ibegbu
LATEST

2023: Buhari tells Nigerians politicians to avoid voting for

by Elixir
January 27, 2023
Bandits attack: NLC Kaduna condoles TUC over death of NEC members
LATEST

Wabba: NLC Support For Peter Obi Hasn’t Changed

by Elixir
January 27, 2023
6-Month-Old Baby Dies In Sleep After Mother Allegedly Gave Him Tramadol To Go Clubbing
LATEST

6-Month-Old Baby Dies In Sleep After Mother Allegedly Gave Him Tramadol To Go Clubbing

by Elixir
January 26, 2023
Ohanaeze unveils plans to arrest Simon Ekpa, says Igbos ready to track him after $50,000 bounty
LATEST

Ohanaeze unveils plans to arrest Simon Ekpa, says Igbos ready to track him after $50,000 bounty

by Elixir
January 25, 2023
New Naira Notes: Senate Asks CBN To Extend January 31 Deadline; Emefiele Refuses 
LATEST

Deadline Remains January 31 For Old Naira Notes — CBN

by Elixir
January 25, 2023

Recommended

Watch As Flares Are Set Off In The Crowd To Mark Liam Gallagher’s Arrival In Glasgow

January 19, 2022
300 Level Varsity Student Commits Suicide Over Financial Difficult In Ondo

300 Level Varsity Student Commits Suicide Over Financial Difficult In Ondo

January 22, 2023

Categories

  • ENTERTAINMENT
  • FOREIGN NEWS
  • HEALTH
  • LATEST
  • METRO
  • OPINION
  • POLITICS
  • SPORTS

Don't miss it

“A friend like you is hard to find” – Mohbad appreciates Bella Shmurda, promises him N2m as birthday gift
ENTERTAINMENT

“A friend like you is hard to find” – Mohbad appreciates Bella Shmurda, promises him N2m as birthday gift

January 28, 2023
ENTERTAINMENT

January 28, 2023
I collected N23M for 7 videos – Carter Efe goes hard on Yhemolee for berating skit-makers (Video)
ENTERTAINMENT

I collected N23M for 7 videos – Carter Efe goes hard on Yhemolee for berating skit-makers (Video)

January 28, 2023
Before you do 7 skits, I’ve made the money for your 10 skits in the night – Yhemolee throws shade at Macaroni, Sydney, and others (Video)
ENTERTAINMENT

Before you do 7 skits, I’ve made the money for your 10 skits in the night – Yhemolee throws shade at Macaroni, Sydney, and others (Video)

January 28, 2023
“Very stupid people” – Cubana Chiefpriest slams Tribunal after report shows that Ademola Adeleke gets sacked for dancing to “Buga Won’
ENTERTAINMENT

“Very stupid people” – Cubana Chiefpriest slams Tribunal after report shows that Ademola Adeleke gets sacked for dancing to “Buga Won’

January 28, 2023
LASU, UNILAG, LAUTECH, LASUED & LASUSTECH Students Endorse Tinubu, Sanwo-Olu
POLITICS

LASU, UNILAG, LAUTECH, LASUED & LASUSTECH Students Endorse Tinubu, Sanwo-Olu

January 28, 2023
ONIFTV

© 2022 Oniftv

Navigate Site

  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot

Follow Us

No Result
View All Result
  • Home
  • LATEST
  • FOREIGN NEWS
  • POLITICS
  • SPORTS
  • ENTERTAINMENT
  • Simon Ekpa commends Ortom, gives more security advice
  • We’ll Bring In Foreign Mercenaries If FG Fails To End Terrorism – El-Rufai Blows Hot

© 2022 Oniftv