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Nairaland Forum / Nairaland / General / Business / Banks Will Accept Old Naira Notes After Deadline - Emefiele (51075 Views)
New Naira Policy: Do People Still Accept Old Naira Notes In Your Area? / Supreme Court Temporarily Halts Banning Of Old Naira Notes / Old Banknotes Redeemable Only At CBN After Deadline - Emefiele (2) (3) (4)
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Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by lexy2014: 3:35pm On Jan 31, 2023 |
Dreal1247: What concerns cbn with election rigging? |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by jaxxy(m): 3:35pm On Jan 31, 2023 |
Confusion oo |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 3:36pm On Jan 31, 2023 |
Lamanii22: As in, they just want to create confusion everywhere and confusion can bring chaos... 2 Likes |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by baralatie(m): 3:36pm On Jan 31, 2023 |
Meanwhile presidential election is 25th of February 2023 Ok ooo |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 3:37pm On Jan 31, 2023 |
ForgetfulJones: Until 17th of February, after 17th of February, banks will stop collecting and it becomes useless to any holder.... |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Mummyimbecile(m): 3:39pm On Jan 31, 2023 |
LibertyRep:because they know the over 200million people can't really do sh!t |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Doyou2019: 3:40pm On Jan 31, 2023 |
kaeycea:If Godwin had articulated it like this, we wouldn't be here wasting man-hours arguing this nonsense. 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Parachoko: 3:40pm On Jan 31, 2023 |
rottennaija:Till June or July |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by faceland: 3:41pm On Jan 31, 2023 |
That defeat the purpose. If banks would accept the old notes, then I can accept it if I plan to go to bank. What happened to all the tough talks of not extending the deadline? 1 Like 1 Share |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by omonnakoda: 3:41pm On Jan 31, 2023 |
Omoapena:No That is not correct Stop arguing blindly This is GCE stuff Read https://www.rte.ie/news/business/2022/1001/1325974-paper-l20-and-l50-no-longer-legal-tender-in-uk/ And learn Legal Tender refers to PUBLIC use period |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by dalass(f): 3:43pm On Jan 31, 2023 |
LibertyRep: The same idiot who caused panic and chaos by saying the deadline won't be extended and people should be rejecting old naira notes is now quoting what he should have made a reference to before? He is demented and needs arrest ASAP for causing so much trouble. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 3:44pm On Jan 31, 2023 |
omonnakoda: I'm done arguing, all I know is, since banks are given till 17th February to stop accepting it, then it's legal tender till that 17th. #sighs 1 Like 1 Share |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Wilson212: 3:44pm On Jan 31, 2023 |
kaeycea:where did you get this information .go and read section 22 of cbn act .bank will still collect it next year the reason they are still collecting that old 100 naira just that they will not give it out but they can collect it |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 3:45pm On Jan 31, 2023 |
omonnakoda: Wait, so commercial banks are not public? |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by keviniyatunde0: 3:47pm On Jan 31, 2023 |
So what is the meaning of the deadline then?So what is the meaning of the deadline then?... |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by phineas: 3:47pm On Jan 31, 2023 |
The CBN Governor personally read a statement at a press briefing where he said 1. Old notes will be accepted at commercial banks till the 10th of Feb 2.After the 10th it will be collected only at the APEX bank (CBN) till the 17th Hope you all know by law he is covered by that public statement on his policy when commercial banks stop collecting your money after the 10th And for those with fraudulently earned cash let's see how you explain your deposit of large sums directly to the CBN. People need to be clear on this things and stop muddling the news up especially when the man personally read a press statement. Plus I don't get what all the noise is about, those with genuinely earned old notes have nothing to be afraid of ,they should go and deposit it. how hard is that? |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Parachoko: 3:47pm On Jan 31, 2023 |
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Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by omonnakoda: 3:48pm On Jan 31, 2023 |
Omoapena:Are they receiving the money as payment in exchange for a Good or service? No Legal tender means it is TENDERED as payment |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Osidazz19: 3:48pm On Jan 31, 2023 |
LibertyRep: The idiotic olodo worst CBN Governor is playing with 200 million. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by omonnakoda: 3:48pm On Jan 31, 2023 |
Omoapena:https://www.rte.ie/news/business/2022/1001/1325974-paper-l20-and-l50-no-longer-legal-tender-in-uk/ Do not argue like a fool Educate yourself |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 3:49pm On Jan 31, 2023 |
Wilson212: Are you kidding me, where are you people getting this thing from, do you know that both the old and new 100naira notes are still being spent? So if people are spending it and banks are collecting it, how does it not make it legal tender.. Oga, stop confusing yourself, the deadline is 17th of February and banks won't collect it after 17th of February. I don't know the Essence if bank will keep collecting it till next year, if banks keeps collecting it till next year, will they credit your account for bringing the old notes? |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 3:51pm On Jan 31, 2023 |
omonnakoda: You're the one arguing like a fool...and you need to educate yourself or probably understand what I'm saying, banks are given till 17th and after 17th, they will also reject it, rejection means you can't save it, they can seize it tho but you can't change or save it after 17th... Fuuul. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by phineas: 3:52pm On Jan 31, 2023 |
I'm very worried about how we all don't stay abreast with our country policies in detail before commenting.its like people just parrot what others say as fact You all need to have tracked his press briefing and analyzed it in detail. How hard is that. Youths need to do better. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by omonnakoda: 3:53pm On Jan 31, 2023 |
Omoapena:No The import of today's statement by Emefiele rescinds the 17th date This is what he said Section 20 says even after the old currency has lost its legal tender status that we are mandated to collect that money. And I stand with the House of Reps on this https://punchng.com/banks-will-accept-old-notes-after-deadline-emefiele/ You keep arguing like an idiot It loses legal tender status on the 10th and they will collect the notes BEYOND the 17th 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 3:54pm On Jan 31, 2023 |
phineas: This is now getting more confusing, Is it that commercial banks will start rejecting after 10th of February or they are given till 17th of February to collect it. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by owunabastard: 3:54pm On Jan 31, 2023 |
The hard part is withdraw not deposit. No money to withdraw both new and old in ATM, POS and even banking hall phineas: |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Wilson212: 3:56pm On Jan 31, 2023 |
Omoapena:oga go and read section 20 and 22 of cbn act if I take 20000 of old 100 note they will collect it yes it is not a. Legal tender but the law said it should be collected and the value of it given to you |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 3:56pm On Jan 31, 2023 |
[quote author=kaeycea post=120526707][/quote] omonnakoda Idiot This is it here Extension for commercial banks till 17th of February |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by UnfairLife7(m): 3:57pm On Jan 31, 2023 |
Buksaylor:you can if you chose to and take it to the bank afterwards |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by UnfairLife7(m): 3:58pm On Jan 31, 2023 |
Wilson212:Lol It can serve as a legal tender by me or anyone and taken to the bank afterwards to swap with the new notes The purpose is obviously defeated |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by baralatie(m): 3:59pm On Jan 31, 2023 |
Wilson212:Simple |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by FireUpNow(m): 4:01pm On Jan 31, 2023 |
Britishpea:You get time ooo |
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