The Central Bank of Nigeria has said that the old Naira notes of N200, N500, and N1,000 have ceased to be legal tender in Nigeria from February 10, 2023.
This is in spite of the ruling of the Supreme Court that the notes remain legal tender until February 15, when it would hear the case brought before it by three states namely Kaduna, Kogi, and Zamfara. The states had asked the court to restrain the CBN from effecting the deadline.
READ ALSO: (BREAKING) New Naira: No Need To Shift February 10 deadline- CBN Gov Emefiele
Consequently, many people wonder what to do with their old currency notes.
This is what to do with your old notes.
Follow these steps provided by the Central Bank of Nigeria
The CBN is ready to receive your old notes
But, you can no longer deposit at the commercial banks
-Advertisement-
Go to the CBN portal, fill out a form on currency redesign, and exchange
In the form, indicate your account details, amount of money, etc
Generate a code, print it, or come with it on your mobile phone to the CBN office
Take the code to any branch of CBN in any state of Nigeria and the FCT and drop your old notes there.
We do everything possible to supply quality news and information to all our valuable readers day in, day out and we are committed to keep doing this.
Your kind donation will help our continuous research efforts.
-Advertisement-
-Want to get the news as it breaks?-
