The Central Bank of Nigeria (CBN) has reacted to a document alleging the apex bank has fixed February 15 and 17 as deadline to deposit the old N200, N500 |
[Investigations3 months ago](https://www.ripplesnigeria.com/special-report-world-bank-road-projects-go-bad-in-enugu-as-state-govt-fails-to-fulfill-promise/) [Investigations3 months ago](https://www.ripplesnigeria.com/students-suffer-as-contractors-abandon-kano-school-projects-after-receiving-over-n70m/) [Investigations2 months ago](https://www.ripplesnigeria.com/investigation-in-cross-river-civil-servants-retire-into-poverty-as-govt-looks-away-squanders-funds-on-frivolities/) You will not be issued new notes in exchange for old notes, instead your bank account will be credited after your account is validated by law enforcement. [Investigations1 month ago](https://www.ripplesnigeria.com/investigation-how-oyo-state-contractors-spent-n1-1bn-on-water-projects-but-communities-dont-have-a-drop/) “If my signature is there, then it is from the CBN to the public. [Investigations4 weeks ago](https://www.ripplesnigeria.com/investigation-4-yrs-after-completion-kwara-phc-facility-inactive-rural-dwellers-in-pains/) This process may take up to 4 weeks. [Business](https://www.ripplesnigeria.com/business/) [CBN releases guidelines for deposit of old notes at branches](https://www.ripplesnigeria.com/cbn-releases-guidelines-for-deposit-of-old-notes-at-branches/) [CBN](https://www.ripplesnigeria.com/cbn-urges-nigerians-to-adopt-enaira-as-alternative-to-currency-notes/) Director of Corporate Communications Department, Osita Nwanisobi, said he hasn’t seen the document, but if his signature isn’t on the document, then it should be disregarded.
Di CBN bin already declare say di old naira notes no longer dey recognized as legal tender, despite di Supreme Court order to hold am till dem hear and make ...
Oda videos show some bank customers dey naked diasef to protest sake of say dem no see moni collect for bank. Dis one make some angry customers attack banks and stage protests for some parts of di kontri. Some banks don shut down to guarantee dia staff safety while some dey close early and also take oda preventive measures against kasala. Di policy cause kata-kata for many parts of di kontri as some banks dey hoard di new naira notes and customers no see both new and old naira notes collect for counter and ATMs. For Warri, Delta State, one video show where bank customers dey climb step escape sake of say angry customers wey no see cash collect begin attack di bank staff. If di bank account no dey valid, di bank go then return di money.
The Central Bank of Nigeira (CBN) has opened a portal for individuals who have old Naira notes to deposit them by filling up forms despite the adjournment ...
“Individuals who wish to deposit their old, redesigned notes are required to be orderly and comply with the instructions of the security personne! To deposit their old notes at the CBN branches, customers would be required to have a completed online application form, copy of valid means of identification and a completed teller. The Central Bank of Nigeira (CBN) has opened a portal for individuals who have old Naira notes to deposit them by filling up forms despite the adjournment of the case on the legality of the February 10, 2023 deadline for the Naira Swap to February 22 by the Supreme Court.
Central Bank of Nigeria (CBN) has created a portal for the collection of the old naira notes as it looks to begin its currency redemption exercise.
“A depositor shall not be entitled to recover from the bank the value of any mutilated or imperfect notes. However, the commencement of the currency redemption exercise by the CBN suggests that the old naira notes have lost their legal tender status after the deadline elapsed. [would obey](https://www.thecable.ng/nigerians-to-use-old-naira-notes-till-feb-15-as-fg-says-itll-obey-scourt-order) the order in line with the rule of law — a decision that meant that Nigerians would still be able to transact with the old notes. [restrained](https://www.thecable.ng/breaking-supreme-court-restrains-fg-from-effecting-feb-10-deadline-on-old-naira-notes) the federal government and, by extension, the CBN from enforcing the February 10 deadline when the old naira notes were expected to cease to be legal tender, pending hearing on the matter slated for Wednesday (today). Central Bank of Nigeria (CBN) has created a portal for the collection of the old naira notes as it looks to begin its currency redemption exercise. The notification provides a link to the portal to enable Nigerians redeem (deposit) their old N1,000, N500, and N200 notes by completing an online form.
The notification also provided a link to the portal to enable the masses deposit old notes in their possession. ... The Central Bank of Nigeria (CBN) has created ...
The court chose the date after joining the Attorneys General of Katsina Lagos, Cross River, Ondo, Ogun, Ekiti and Sokoto states as co-plaintiffs in the earlier suit filed by Kaduna, Kogi and Zamfara states. The Supreme Court further fixed February 22 for the hearing of the suit filed by Kaduna, Kogi and Zamfara states challenging the propriety of the naira swap policy of the Federal Government. The notification also provided a link to the portal to enable the masses deposit old notes in their possession.
The Central bank of Nigeria has promised Nigerians that the old naira notes rejected by banks and stores can be returned in its branches across the country.
"All commercial banks are required to deliver all old notes deposited with us, and we will collect, that is the final. You must fill out the form with basic information about yourself, your account information, and the amount you wish to deposit. [new naira notes](https://legit.ng/1519579-cbn-release-naira-notes-today-nigerians-continue-trade-currency.html), Nigerians and PoS operators have been forced to continue trading with the old [currency](https://www.legit.ng/ask-legit/top/1116550-highest-currency-world-top-15/). "We anticipate that individuals will be able to deposit the old naira notes with us during this time period; it is a privilege granted to Nigerians to guarantee that their money is deposited even if it is no longer legal tender. "The customer has to go to the CBN portal and fill a form in the portal, there will be a form there relating this currency redesign and exchange. [Central Bank of Nigeria](https://www.legit.ng/tag/cbn/) has told Nigerians who still have the old N1000, N500, and N200 notes to visit any branches across the country to deposit them.