When is the deadline for old naira note

2023 - 1 - 31

Post cover — Image courtesy of "TheCable"

CBN will accept old naira notes after deadline, says Emefiele ... (TheCable)

Godwin Emefiele, governor of the CBN, says banks will continue to accept old naira notes after the stipulated deadline.

Editor’s note: The original story suggested that banks would continue to collect the old notes after the deadline. That means holders will deal directly with the CBN, not the banks. Either you pay it to your bank account or you want to do exchange, we will give you.

UPDATED: Banks must accept old naira notes after 10 February ... (Premium Times)

"The law, which says even after the old currency has lost its legal tender status, that we are mandated to collect these money, .

“We saw a few failings on the part of the banks, and we have appealed to EFCC, ICPC, and NFIU. Good journalism costs a lot of money. Mr Emefiele further assured the lawmakers that Nigerians will not lose their cash due to the new policy. They do five million naira cash lodgement back to the CBN,” he said. Rather, he promised to put them under consideration. We said all staff, go to your locality.

Old naira notes will still be in use after February 10 deadline, says ... (Guardian)

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele has allayed the fears that the old naira notes would no longer be tenable after the ...

The overriding interest is to make Nigeria great.” He thereby directed the CBN chief to submit a weekly report of the disbursement of the new naira notes vis a vis the receipt of the old naira notes by commercial and other banking outlets in the country. The overriding benefit is to make the economy stronger and combat Insecurity.

CBN 'll continue to redeem old Naira notes after deadline, Emefiele ... (Vanguard)

Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, has assured that the value of old Naira notes of 200, 500 and 1000 will still be redeemed ...

He said the CBN stood side by side with the House on the position of the law. The governor spoke when he appeared before the House of Representatives ad hoc committee on the cashless policy of the apex bank on Tuesday. He said the redemption was in tandem with the law, precisely Section 20 (3) of CBN act, noting the essence was to mop up the old notes in circulation.

UPDATED: CBN Will Accept Old Naira Notes After Deadline, Says ... (CHANNELS TELEVISION)

The apex bank recently extended the deadline for the swap of the newly-designed N1,000, N500, and N200 notes following an outcry from Nigerians.

But if you have your money that you have not been able to send to the bank, we will certainly give you the opportunity to bring them back into the CBN to redeem it. Either you pay it to your bank account or you want to do exchange, we will give you. However, the scarcity of the new notes forced the House to set up an ad-hoc committee to resolve the difficulties between the CBN and commercial banks, despite the insistence of Emefiele that many of the banks were hoarding the notes. That is the assurance I give to Nigerians.” [while appearing before the House of Representatives](https://www.channelstv.com/2023/01/31/just-in-cbn-governor-appears-before-reps-committee-over-new-naira-notes/) committee on the new naira redesign and swap policy Tuesday, Emefiele said the CBN will still accept the old notes after the deadline. The Central Bank of Nigeria (CBN) will continue to accept the old naira notes even after the deadline for swapping with the newly-designed currency notes, the apex bank governor, Godwin Emefiele has said.

CBN clarifies position on old naira note deadline (Businessday.ng)

The Central Bank of Nigeria (CBN) has clarified its position on the February 10, 2023, deadline for phasing out of the N1,000, N500...

Reiterating the pledge of the CBN governor, Emefiele, at the meeting with the House of Representatives ad-hoc committee on Tuesday, January 31, 2023, Nwanisobi said Nigerians would not lose their money, even as he urged citizens to take advantage of the extended deadline of February 10, 2023 to deposit the old banknotes currently in their possession at their banks or through mobile money agents. However, he stated that in line with the provision of Section 20(3) of the CBN Act, Nigerians would have the opportunity to redeem the face value of the naira only at the central bank, after the currency had lost its legal tender status, subject to meeting certain conditions. Speaking with newsmen in Abuja, on Tuesday, January 31, 2023, Osita Nwanisobi, director, corporate communications department at the CBN, explained that the old notes would cease to be legal tender after February 10, 2023, and would no longer be used for any form of transaction afterwards.

Emefiele: CBN Will Accept Old Naira Notes After Feb. 10 Deadline (THISDAY Newspapers)

Juliet Akoje in Abuja. The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, has said that the apex bank would still accept the old naira notes after ...

Ado-Doguwa, said “the CBN Governor’s appearance was borne out of the respect he has for the institution, we invited him twice and he is finally here”. The CBN had taken a number of actions to ensure that the new l currency is circulated.” The committee had extracted the same information from banks operators and that its major concern was about the lives and livelihood of Nigerian and the economy including the rule of law” More than N2.7 trillion are out of the banking system, it was held in people’s hand and it makes the CBN policy implementation difficult.” He further stated that “in 2022 the total currency from CBN was N3.2 trillion and more than N2.7trillion were out of banking system, making our mandate difficult. The CBN governor had after meeting with President Muhammadu Buhari in Daura on Sunday announced the extension of the deadline for the old naira notes from January 31 to February 10.