Just In! CBN Has Declared Old Naira Notes Legal Tender — Soludo

Related stories

Shagari: Why APC Adopted Tinubu As Sole Presidential Candidate For 2027

By Kolawole Ojebisi A former Minister of Water Resources, Muktar...

Defection: You Don’t Blame People For Bailing Out Of Sinking Ship, Tinubu Taunts Critics

By Kolawole Ojebisi President Bola Ahmed Tinubu has taunted those...

BREAKING! Trump Blocks Harvard University’s International Students Enrollment

By Abiola Olawale The administration of United States President Donald...

Minority Leader Kicks As Another LP Legislator Dumps Party For APC

By Kolawole Ojebisi The ruling All Progressives Congress (APC), on...

Amid the deafening silence of the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele over the judgment of the Supreme Court, the Governor of Anambra State, Prof. Chukwuma Soludo has disclosed that the apex bank has directed that the old N1000, N500 and N200 Naira notes should continue to be in circulation as legal tender.

Soludo in a statement he personally signed on Monday said the CBN governor told him during a phone conversation late Sunday that commercial banks have been directed to accept and transact with the old notes.

Soludo, a former CBN governor disclosed that Emefiele gave the directive at a Banker’s Committee meeting on Sunday.

The governor also urged the residents of the state to accept the old Naira notes, threatening to shut down any commercial banks that refuses to receive the old N500 and N1,000 notes from depositors and issue same to customers.

The statement reads, “Commercial banks have been directed by the central bank to dispense old currency notes and to also receive same as deposits from customers.

“Tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.

“The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March, 2023. The Governor, Dr. Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night.

“Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes. Residents should report any bank that refuses to accept deposits of the old notes. Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch.”

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Shagari: Why APC Adopted Tinubu As Sole Presidential Candidate For 2027Defection: You Don't Blame People For Bailing Out Of Sinking Ship, Tinubu Taunts CriticsBREAKING! Trump Blocks Harvard University's International Students EnrollmentUzodinma, Sanwo-Olu, Zulum, Other APC Governors Endorse Tinubu as 2027 Presidential FlagbearerMinority Leader Kicks As Another LP Legislator Dumps Party For APCTinubu Swears-In Kida, Ojulari, Others As NNPCL Board Members Seven Weeks After AppointmentNatasha vs Akpabio:FG Slams Criminal Charges Against Akpoti-UduaghanRelief as Dangote Refinery Slashes Petrol Prices by N15Côte d'Ivoire's Presidency Quashes Coup Speculation, Says Ouattara Still in ControlBeyond Ethnic Narratives: Building a Unified Nigeria Through Meritocracy and InnovationCoup rumours in Ivory Coast as president’s whereabouts remain unknownSeyi Makinde: Hungry Nigerians, Not Defectors, 'll Determine 2027 Election ResultsWhy Coalition Hasn't Adopted ADC As Political Party, ex-NGF DG, Lukman2027: Atiku, Peter Obi, El-Rufai, Others Didn't Adopt ADC As Coalition Platform, Says Salihu LukmanFresh Fears as Nigeria’s External Debt Payments Skyrocket By 50%
X whatsapp