CBN

The Central Bank of Nigeria (CBN) said old naira notes of ₦‎200, ₦‎500, ₦‎1000 are no longer legal tender in the country.

After filling the form, you generate a code, you either print it or come with it in your mobile phone, give us the code and the information contained therein. “So for the avoidance of doubt, we wish to state categorically that CBN is ready and is opened to receive all of those old notes based on certain conditions and criteria. READ ALSO:

Popular lawyer and human rights activist, Femi Falana (SAN), has condemned the Central Bank of Nigeria (CBN) for allegedly flouting the interim.

I thought that could only happen in a banana republic. “[A] statement was credited to the central bank that since it was not a party to the case, it’s not going to comply with the order. He added that a statement credited to the CBN that it would not comply with the order of the apex court because it was not a party to the case could only be tenable in a “banana republic”.

Laments non recirculation of the new notes. By Emem Idio, Yenagoa. Amid the chaos sorrounding the currency swap, the Central Bank of Nigeria, CBN, ...

The government, the management of CBN and the leaders of the country do not subscribe to any logic that will allow people to operate like this.” The incentive is that they can sell which is not supposed to be, sell our currency to us. We have found out that the new notes have not been coming back into the banking system, and that is an anomaly.

Despite the hard Stance of the Central Bank of Nigeria, CBN, on the circulation of old Naira notes, the Kano State government has warned that it would not.

The governor called on the people in the state to continue with their lawful businesses and report anyone who refuses to accept the old naira notes to the appropriate quarters. “Business and economic activities are seriously affected by the naira redesign and unfortunately some self-centred individuals are cashing on the situation to cause further hardships on the people by not accepting the old naira notes during transactions,” the statement added. Despite the hard Stance of the Central Bank of Nigeria, CBN, on the circulation of old Naira notes, the Kano State government has warned that it would not hesitate to revoke the operational licenses of major business owners or take action on anyone who refuses to accept the old notes as a means of transaction.

Femi Falana has faulted the Central Bank of Nigeria (CBN) for failing to obey an order of the supreme court suspending the implementation...

“Let the public know how much you have released to each bank so that we can also ask them can you justify what you did with the money. At that time, the population was 81 million. So people can also choose to pick which orders of the court to obey.” “A statement was credited to the central bank that said since it was not a party to the case, it is not going to comply with the order. He said the CBN and its governor cannot refuse to obey the court order on the excuse that it is not a party in the suit. In an interview with Channels Television on Tuesday, Falana said CBN has a responsibility to direct commercial banks to comply with the order of the court.

He said this during a visit on Tuesday to the Ministry of Foreign Affairs, to discuss the monetary and currency redesign policy of the bank.

However, the CBN governor insisted that there was no need to shift the deadline. The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that there was no need to shift the February 10, 2023 deadline. “There is, therefore, no need to consider any shift from the deadline of February 10.”

Armed policemen have taken over the premises of the CBN located in the Alagbaka area of Akure, the Ondo state capital.

It’s just frustrating,” one of the bank customers said in a protest. “You can just imagine, the bank is not collecting the old notes from us. A few of the customers said the banks were no longer collecting the old notes as of Monday and Tuesday morning.

The Central Bank of Nigeria (CBN) on Tuesday said the high value naira including N200, N500 and N1,000 are no longer legal tender...

There is, therefore, no need to consider any shift from the deadline of February 10,” he said. The Supreme Court on Wednesday last week suspended the February 10, 2023 deadline for the use of the old N1000, N500, and N200 notes. The Central Bank of Nigeria (CBN) governor Godwin Emefiele, on Tuesday said the February 10, 2023 deadline for phasing out the high value naira stands.

In defiance of the Supreme Court order, the Central Bank of Nigeria, CBN, declared that the old naira notes of N200, N500 and N1000 have ceased being.

[rejecting old naira](https://dailypost.ng/2023/02/14/banks-reject-old-naira-notes-in-ilorin) deposits from customers in Ilorin, the capital of Kwara State. [restrained CBN](https://dailypost.ng/2023/02/08/cash-swap-supreme-court-suspends-cbns-feb-10-deadline/) from implementing the February 10 deadline to stop the circulation of the old naira notes. In defiance of the Supreme Court order, the Central Bank of Nigeria, CBN, declared that the old naira notes of N200, N500 and N1000 have ceased being legal tender in Nigeria since February 10, 2023.

The Central Bank of Nigeria (CBN) has insisted that its February 10 deadline for the validity of old naira notes still stands.

[TheCable had also reported](https://www.thecable.ng/nigerians-to-use-old-naira-notes-till-feb-15-as-fg-says-itll-obey-scourt-order/amp) that Abubakar Malami, attorney-general of the federation, said the federal government would obey the supreme court order. [ex parte order](https://www.thecable.ng/breaking-supreme-court-restrains-fg-from-effecting-feb-10-deadline-on-old-naira-notes/amp) of the supreme court which restrained the federal government from implementing the February 10 deadline, pending the hearing of the matter on February 15. The Central Bank of Nigeria (CBN) has insisted that its February 10 deadline for the validity of old naira notes still stands.

The Nigeria Union of Journalists (NUJ), Ondo State Council has urged the federal government to prevail on the Central Bank of Nigeria and...

“The development has forced traders to reject the old naira notes across the state and thereby paralyzing commercial activities in the state and can lead to further suffering of the people. “In flagrant disobedience of the Apex Court ruling, the commercial banks and by extension traders in Akure and other parts of Ondo State as well as some filling stations, commercial centers and PoS operators refused to accept the old naira notes in the state,” the union said. BusinessDay reports that commercial banks in the state refused to accept the old currency notes in defiance to the Supreme Court order, that suspended the deadline for the phasing out of the old currency notes.

The Governor of the Central Bank of Nigeria, Godwin Emefiele has threatened to tp arrest and jail POS agents charging above N200 cash withdrawal.

However, the CBN governor insisted that there was no need to shift the deadline. The CBN governor said that there was no need to shift the February 10, 2023 deadline. “There is, therefore, no need to consider any shift from the deadline of February 12.”

The Central Bank of Nigeria has insisted old N200, N500 and N1,000 notes are no longer legal tender despite a Supreme Court order barring the apex bank from ...

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