BREAKING: Nigerians Wont Lose Old Naira Notes After Deadline-Emefiele

The  Central Bank of Nigeria(CBN) Governor Godwin Emefiele  says Nigerians wont lose the old naira notes after the February  10 deadline.

Emefiele said this after  meeting with the  House of Representatives ad hoc Committee on Tuesday

He said while the old notes cease to be legal tenders after the expiration of the deadline, Nigerians can still take them to the bank for exchange of new notes or deposit the old notes in their accounts.

Section 20(3) of the CBN Act, 2007 provides that the Apex Bank should continue to accept the old notes until they are phased out of circulation.

He said the bank would stand with the provision of the section 20(3) of the CBN Act

Comments

comments