CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter - Business

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CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter (28552 Views)

Banks To Pay Customers Money Sent From Abroad In Naira / CBN Bans Over-The-Counter Withdrawal Of New Notes / CBN Directs Banks To Accept Deposits Beyond Cashless Policy Limit (2) (3) (4)

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CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Pengician(m): 3:03pm On Jan 31, 2023

The Central Bank of Nigeria (CBN) has directed commercial banks to, henceforth, pay customers over-the-counter with the lower Naira denominations.

These include N100, N50, N20, N10 and N5 notes regardless of how much a customer is withdrawing.

This is contained in the Banker’s Committee directive to all commercial banks in the country while also announcing that payment of old N1,000, N500, and N200 notes across the counter should be stopped.

With this development, bank customers are encouraged to use their alternative channels for their transactions, while bank customers who insist on the new naira notes are to use Automated Teller Machines (ATMs).

The directive was issued on Monday, January 30, 2023 after the Bankers’ Committee meeting in Lagos.

Commercial banks will henceforth pay customers over-the-counter with N100, N50, N20, N10 and N5 notes regardless of how much a customer is withdrawing.

The Banker’s Committee gave the directive to all commercial banks in the country while also announcing that payment of old N1,000, N500, and N200 notes across the counter should be stopped.

https://www.blueprint.ng/cbn-directs-banks-to-pay-n100-n50-others/

27 Likes 7 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by EzegeNdiigbo: 3:06pm On Jan 31, 2023

no be lie

48 Likes 3 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Pengician(m): 3:07pm On Jan 31, 2023

EzegeNdiigbo:
no be lie

Is well.

We shall overcome.

14 Likes 1 Share

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by rexesq(m): 3:15pm On Jan 31, 2023

So beautiful. Let the #1,000 be rarely seen abeg. So many people don't know that #5 Is in note and a legal tender.

235 Likes 19 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Indispensable85(m): 3:51pm On Jan 31, 2023

Na to carry ghana must go bag follow body be dat o o 🤣🤣🤣

159 Likes 8 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by bibianna(f): 3:56pm On Jan 31, 2023

What about our coins?

60 Likes 4 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Ahmed0336(m): 3:56pm On Jan 31, 2023

No be lie.

Naso i carry two legs enter zenith bank only to be given #2000.

One bundle of 20 naira. They said that's the maximum amount I could withdraw.

I transferred money to my friend to help withdraw, his case was even better. Access bank gave him 5000.

5 naira notes, 10 bundles....

Aswear!!!! Ah don sufferrrrrrrr

203 Likes 12 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by COLOURCUT: 4:05pm On Jan 31, 2023

Guys, you all need to calm down, there is serious cleansing going on under ground for the betterment of Nigerian people.

Due to the dementia patient in our midst.

205 Likes 23 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Urchinpainer: 4:22pm On Jan 31, 2023

Emefiele continue doing the Lord's work. ISWAP is doing giveaway already. Soon, politicians will remember their forgotten relatives for village. The bullion van people will not see new note to waste this February. Make them go ATM go queue for 20k daily

129 Likes 11 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Fredlongs(m): 4:23pm On Jan 31, 2023

Directives wey most banks no go even comply with

6 Likes 1 Share

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by obawinner(m): 4:23pm On Jan 31, 2023

CBN are out of tune with realities.

25 Likes 3 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by iiifedimma(f): 4:23pm On Jan 31, 2023

Please let's support his excellency Mr Peter obi for the president of federal Republic of Nigeria, we are tired of those thief's now,

Without a tribalism and nepotism any sane Nigerian know it's only someone like Peter obi that can now rescue Nigeria from total collapsing, but seriously some ethnic bigot people will just still prefer to hav their own man at the affairs of the country either he is capable or not than to go for what could have been the best solution to all nigerian's current problems, #ObiDatti2023 is certain

44 Likes 2 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by temitope27(m): 4:23pm On Jan 31, 2023

Shikena

7 Likes 1 Share

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by tonididdy(m): 4:23pm On Jan 31, 2023

I hope the goal of this is achieved.
Rumour has it tinibu already bought all the new notes hence the scarcity.

Like on of my useless banks yesterday couldn’t give me cash.
Had to use my keystone back and they couldn’t give each customer more than N5000 in N100 denomination. ATM same thing.

If after all these sufferings, the aim is defeated….men go find emefiele oh

62 Likes 5 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Merlissa(f): 4:23pm On Jan 31, 2023

Wonderful

7 Likes

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by babaRUNtinz(m): 4:23pm On Jan 31, 2023

Make dem remember to give us excorts too o

12 Likes

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Hollyharjii: 4:23pm On Jan 31, 2023

I'm pretty sure that if a teller pays a customer with #100 bill as at Oct 2022, such customer would rejected such, but now, its either you reject it or queue on the ATM for 23hrs...

Change is the only thing constant

Bankers Committee una welldone jere

59 Likes 3 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by 0taPiaPia(m): 4:24pm On Jan 31, 2023

rexesq:
So beautiful. Let the #1,000 be rarely seen abeg. So many people don't know that #5 Is in note and a legal tender.

What's the essence of 5 naira when my convenience paper has more value than it

8 Likes

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Skillsnigeria: 4:24pm On Jan 31, 2023

Hmmm

1 Like

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Beno3: 4:24pm On Jan 31, 2023

Rubbish

5 Likes 1 Share

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by specialmati(m): 4:24pm On Jan 31, 2023

APC and CBN really finish work here.see as they make everyone rush go deposit their old note come they give them small change.nothing concern me if una like make una vote Atiku or Tinubu, buharis friends they will finish what is left.

46 Likes 6 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Igboslayer: 4:24pm On Jan 31, 2023

Buhari is not ready for election.

Initially they tried Fulani herdsmen- failed

They tried forcing their way at the primaries- failed

They are working on fuel scarcity to discredit and undermine their own presidential candidate few days to a general election.

If Buhari was on the ballot will he begin these populace suppression policies? NO! It’s glaring the enemy is within…. Not the noisemakers we were suspecting.

A new strategy will be unveiled and Buhari and his cabal will be put to shame.

31 Likes 3 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Peritome: 4:24pm On Jan 31, 2023

Cashless playing out & lower denomination coming up.

20 Likes 2 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Igboslayer: 4:24pm On Jan 31, 2023

Honestly these people are clowns. What they are telling us right now is.

Let the poor get 5,10,20,50 and 100Naira while the rich can have access to the new note through their banker and the horse trading continues.

Tinubu wey una no fit stop for primaries, na now una wan stop am with crazy monetary policies.

Na didirin be all these people sha.

25 Likes 2 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Corrections: 4:24pm On Jan 31, 2023

1 Like

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by MANNABBQGRILLS: 4:24pm On Jan 31, 2023

Anything to move our darling nation forward is all we want at [b][/b].

Nigeria will be Great again in our lifetime.

God bless Nigeria.

We Rise.

11 Likes 6 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by DMerciful(m): 4:24pm On Jan 31, 2023

Let's see how urchins will urchinate this laudable policy grin

11 Likes 1 Share

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by MANNABBQGRILLS: 4:24pm On Jan 31, 2023

......at this point, payment of old N1,000, N500, and N200 notes across the counter should be stopped.

4 Likes 3 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by YoungLionken(m): 4:25pm On Jan 31, 2023

These new CBN policy on our note is nice, just the sacrifice of untold hardship...

Buhari is already dealing against BAT and Atiku economically cool

...

18 Likes 1 Share

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Osidazz19: 4:25pm On Jan 31, 2023

WORST CBN GOVERNOR EVER.

17 Likes 3 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by Nobody: 4:25pm On Jan 31, 2023

People will no longer take 10 and 5 naira notes for granted😂

24 Likes 2 Shares

Re: CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter by iamyemiakins(m): 4:25pm On Jan 31, 2023

CBN don start wetin dem no fit finish.

8 Likes 1 Share

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