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Nairaland Forum / Nairaland / General / Business / Banks Will Accept Old Naira Notes After Deadline - Emefiele (51039 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 Parachoko: 10:08pm On Jan 31, 2023 |
ViktorCash: Yku feel that is what will happen and you dey talk am with authority, like say the CBN Gov tell you his next move. No matter how much you deposit at the bank for now, no one will question you. The CBN gave an amnesty to people hoarding the Naira. they can deposit as much as they want for noe |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Parachoko: 10:20pm On Jan 31, 2023 |
ibinaboonline:I'm against Emefiele rushing things too A lot of things have not even been put in place 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by omonnakoda: 10:41pm On Jan 31, 2023 |
Omoapena:You continue to insist on your own version of reality arguing foolishly all day Legal tender He nothing to do with what banks do It is a legal construct When TENDERED the Payee is obliged by law to accept Legal tender. It is not optional That is where the definition ends Legal obligation of the PUBLIC to accept when TENDERED Making a bank deposit is not a payment or settlement of debt/liability Even the CBN governor made a clear statement,reinforcing what Speaker House of representatives said but you insist everyone is wrong and you are ri nght Is that not foolish? Obviously you have a problem accepting you are wrong Well you are totally wrong here. The notes cease to be legal tender on the 10th but the CBN WILL REDEEM until further notice using agents like commercial banks 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by omonnakoda: 10:53pm On Jan 31, 2023 |
tamdun:Same reason people don't accept dollars even though they can easily change them. Not everyone has a bank account As of November there were 50 million BVNs meaning over 70% of population have no bank accounts It is not strange or peculiar to Nigeria Similar situation in the UK now Over 10 billion pound of notes that are not legal tender still out there. Ordinary people won't accept them. https://www.rte.ie/news/business/2022/1001/1325974-paper-l20-and-l50-no-longer-legal-tender-in-uk/US Whether banks agree to accept old notes on behalf of CBN is not hassle free. The banks are not obliged to do this for free for ever They may wish to charge the CBN and the CBN could say bring the notes to us directly So redeeming would entail hassle and cost which individuals would not want |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by omonnakoda: 11:02pm On Jan 31, 2023 |
ibinaboonline:bail Is free |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Morphinne: 11:08pm On Jan 31, 2023 |
SmartPolician:Bros, it is never too late, you can still go and enroll in a kindergarten program. All these zombiedients sef. Truly, education is the master key. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Scientheosopher(m): 11:13pm On Jan 31, 2023 |
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Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by ViktorCash: 6:25am On Feb 01, 2023 |
As if i knew Check front page this morning Parachoko:
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Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Parachoko: 6:40am On Feb 01, 2023 |
ViktorCash:So wetin concern my comment with the screenshot? Explain the correlation between wetin I dey talk and the screenshot you post |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by ViktorCash: 6:58am On Feb 01, 2023 |
Efcc to track heavy withdrawals Deposit as much as you can,but come withdraw am nah . This is good policy against these corrupt Nigerians Parachoko: |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Parachoko: 7:06am On Feb 01, 2023 |
ViktorCash: Go and read my comment you quoted again, this time around, make sure you read and understand please But if you do not still understand it You are free to go find who you go give your phone to, make dem fully explain my comment to you, cause I don see reading and understanding they disturb your life. Parachoko: |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by olahero(m): 11:06am On Feb 02, 2023 |
Sheggy13:no, banks will only accept the old notes but banks won't use it any to issue it for withdrawal any longer. The more people rejected it, the more |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Buksaylor: 5:24pm On Feb 05, 2023 |
Wipper7000: Even if you deposit 10 billion of it...you only withdraw 10 or 20k of it.That is the idea of what is meant... |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 2:41pm On Feb 14, 2023 |
BloomingDale: I hope you're getting the new update from CBN, pls keep your old notes with the hope commercial banks will accept it... I don't know how something commercial bank will accept still remain legal tender, common sense isn't common truly
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Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 2:44pm On Feb 14, 2023 |
olahero: You guys are just confusing yourself, banks will accept it but won't issue it out and that means it's no more legal tender to you? Chai. So far its no more legal tender, no commercial bank will accept it, CBN knows what they are doing, if you still have the old note, take it to CBN yourself and change it, loosing legal tender means no commercial entity or individual should accept it...
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Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by BloomingDale(f): 5:50pm On Feb 14, 2023 |
Omoapena: I was working on the information available as at then. Different info now. Take a chill pill. |
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