I trust Nigerians,,, opportunity to deposit counterfeit notes.

RockHard:
They should sensitize more people else the policy may not work. How many people are aware of this new policy?

You're very correct. People need to be sensitized

I pray it should not end on Monday,i have a lot in my shop...someone should help me figure out away i can deposit it before on d 2 of sept.

Wiseandtrue:
No wonder!!! Na cha-cha money dey enter my hand of recent!!!

Nice one there! Traders and conductors will have to adjust!!!

useless news. seems I'm the only one thinking differently. what does the policy as to do with the Economy

Most of commercial banks Haven't deposit mutilated notes to CBN just to avoid been charges that is why they prepare to make them in circulation.

Even N50 and N20?

Isorite

nextstep:
I got this email this morning... I really don't know why everything has to be last minute. So either today Friday or next Monday is all the time we have? So annoying. And what happens if I get mutilated bills next Friday? I can't put it in bank abi? This should be an ongoing exercise, as obtains in saner countries.

To be honest though, I don't have up to 2k in mutilated bills so it doesn't concern me

hahahaha

post=81765304:

They gave you guys 6 MONTHS to exchange your old, worn out and mutilated notes for new one, but trust some Nigerians, they are stubborn, heady and not cooperative in issues that meant well for them but keep blaming the government for each and every probs in their lives.
You will see them rushing to do what they had 6 months to do as from next monday.
What a people.
What a nation!

Use your brain, why can't it be a continual process

nwakibie3:
Earlier today, Guaranty Trust Bank Plc (GTBank) sent out emails to its customers reminding them that they have until September 2nd, 2019 to deposit their mutilated naira notes at the bank. Failure to do this could warrant unwanted consequences.

According to the email from GTB, this is in line with the Central Bank of Nigeria‘s effort to get rid of mutilated, defaced, and unfit naira notes from circulation. The CBN’s Clean Note Policy was announced in April this year and lauded by several stakeholders, including the Association of Bureaux De Change Operators of Nigeria, ABCON.

It is expected that strict adherence to this CBN policy will help guarantee public confidence in the naira by ensuring that only high quality and clean notes are allowed to circulate in the economy.

Why you must adhere:Nairametrics contacted the CBN to get more information on this matter. Specifically, we sought to clarify what would happen to Nigerians who fail to deposit their mutilated naira notes by September 2nd. Responding to this inquiry, a representative of the apex bank informed that anybody who fails to comply with the Clean Note Policy will have to bear the cost of losing the value of their money, seeing as such money will no longer be acceptable for transactions.

To avoid this from happening, therefore, Nigerians must hurry now to deposit any unfit naira notes in their possessions. In the same vein, they must refuse to collect such defaced money going forward.

In the meantime, commercial banks should put in more effort to ensure that henceforth, mutilated naira notes are painstakingly filtered out of circulation. This is imperative, seeing as commercial banks have often been accused by the CBN of deliberately mixing unfit notes and re-circulating them instead of sorting out the bad ones and returning them to CBN for destruction.



https://nairametrics.com/2019/08/30/your-mutilated-naira-notes-will-become-useless-after-september-2nd/

IT IS WRONG FOR THE CBN AND THE COMMERCIAL BANKS IN NIGERIA TO FIX DEADLINE.

Collecting mutilated currencies and replacing it with new ones should be a continous exercise especially given our culture or system of handling money.

PRESIDENT BUHARI IS BRING MILITARY ! MILITARY ! TO EVERY OF HIS FISCAL POLICIES.

ATM's disburse mutilated notes.

Meanwhile follow my signature if interested in making money through Fiverr

Imagine. Here in Kano they collect all kinds of money. Even if you use black tape to hold it. They will collect it. How will you sensitize them not to collect anymore with such a short notice? You have no choice but to collect and give torn notes here. It's a norm

Prettyvita:
Hmmn nice one.
I personally hate it when an ATM dispenses dirty notes.
E dey pain me separately

I'm sorry for that my dear. 2nd of sept henceforth you will cease to withdraw dirty notes ok?

post=81765304:

They gave you guys 6 MONTHS to exchange your old, worn out and mutilated notes for new one, but trust some Nigerians, they are stubborn, heady and not cooperative in issues that meant well for them but keep blaming the government for each and every probs in their lives.
You will see them rushing to do what they had 6 months to do as from next monday.
What a people.
What a nation!

hmmm lemme jus keep looking at u frm d tower of babel

post=81765304:

They gave you guys 6 MONTHS to exchange your old, worn out and mutilated notes for new one, but trust some Nigerians, they are stubborn, heady and not cooperative in issues that meant well for them but keep blaming the government for each and every probs in their lives.
You will see them rushing to do what they had 6 months to do as from next monday.
What a people.
What a nation!

what is six months? This exercise should be an ongoing one till they clear the system of mutilated notes.

Cbn , fg , banks ..... You're all mad raised to power 2

Lol, deadline It's not dollars that depreciate with year of production, so if you no accept again, I go just keep am for house, one day one day, you go start another round of mopping up, I go bring am then.
Stupiddd policy makers

Shèbi na person wey get money go get mutilated notes

Nice handwriting

passyhansome:
The country itself is mutilated just as those naira,

Even though I'm just getting to know this, I still thank God because henceforth no more collecting mutilated notes from traders and conductors.

passyhansome:
The country itself is mutilated just as those naira,

Very true

Why so soon?

This is a foolish comment.
You said they gave 6 months but the banks are still dishing out mutilated note till yesterday Thursday.
You comment as if the people spending naira are inferior. Next time, you stfu.

post=81765304:

They gave you guys 6 MONTHS to exchange your old, worn out and mutilated notes for new one, but trust some Nigerians, they are stubborn, heady and not cooperative in issues that meant well for them but keep blaming the government for each and every probs in their lives.
You will see them rushing to do what they had 6 months to do as from next monday.
What a people.
What a nation!

ONE OF THE GOOD THINGS I HAVE SEEN SO FAR!!!

I GUESS THE DEADLINE IS ONLY A PRELIMINARY DEADLINE IT WILL BE POST DATED TO ANOTHER DATE MAYBE 30 OCT AFTER THE EXPIRATION OF THE FIRST DEADLINE.

There shouldn't be a limited time to deposit mutilated naira note! This is not done anywhere in the world!

These banks do it because the want to steal undeclared notes!!

passyhansome:
The country itself is mutilated just as those naira,

Nice font

nextstep:
I got this email this morning... I really don't know why everything has to be last minute. So either today Friday or next Monday is all the time we have? So annoying. And what happens if I get mutilated bills next Friday? I can't put it in bank abi? This should be an ongoing exercise, as obtains in saner countries.

To be honest though, I don't have up to 2k in mutilated bills so it doesn't concern me

This exercise have been on since April and banks invested alot in sensitizing the public; I know my employer did. I even did my own bit by informing anybody I came across handling unfit notes especially keke and bus drivers, hawkers on the streets even shop owners to go and deposit those funds into their accounts with banks at zero cost. Yet peopl of this country have choosen to be ignorant even to their own detriment. After september 2nd, if you bring any dirty money to the bank, you will be charged the approriate processing fee because the bank will not use their own money to pay CBN to clean the dirty cash you refused to deposit when you were asked to.

GTBank deadline is even better Small, first bank deadline ended yesterday

Prymestrr:

This exercise have been on since April and Banks invested alot in sensiticing the public; I know my employer did. I even did my own bit by informing anybody I came across handling unfit notes especially keke and bus drivers, hawkers on the streets even shop owners to go and deposit those funds into their accounts with banks at zero cost. Yet ppl of this country have choosen to be ignorant even to their own detriment. After september 2nd, if you bring any dirty money to the bank, you will be charged the approriate processing fee because the bank will not use their own money to pay CBN to clean the dirty cash you refused to deposit when you were asked to.

Shikena!

nextstep:
I got this email this morning... I really don't know why everything has to be last minute. So either today Friday or next Monday is all the time we have? So annoying. And what happens if I get mutilated bills next Friday? I can't put it in bank abi? This should be an ongoing exercise, as obtains in saner countries.

To be honest though, I don't have up to 2k in mutilated bills so it doesn't concern me

This has been on all media platforms for almost 2 months now, Tv, radio, and other forms of media. But Nigerians don't want to pay attention, e go red for their eye.