The Central Bank of Nigeria has reportedly instructed commercial banks to disburse and accept old naira notes as deposits, according to Prof. Charles Soludo, the governor of Anambra State, who confirmed this on Monday.
Soludo, a former CBN governor, had announced this in a statement he shared on his social media accounts.
He clarified that the order was given at a Banker’s Committee meeting on Sunday, by Godwin Emefiele, the governor of the Central Bank of Nigeria.
He claimed that Emefiele had verified the new directive to him in person.
He further advised people to notify banks who are refusing to accept the old naira notes as legal tender.
“Commercial banks have been directed by the Central Bank to dispense old currency notes and also to receive the same deposits from customers. Tellers at 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) and the new notes”, the statement contained.