₦airaland Forum

◾UPDATED: Continue to return mutilated notes EVEN AFTER September 2, CBN tells customers◾
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The Central Bank of Nigeria on Saturday said that the general public can continue to return mutilated banknotes to their banks after the September 2 deadline .

KlipNetLine reports that this is CONTRARY to the news making round that mutilated notes collection would stop after the deadline .

The Director , CBN Corporate Communications, Mr Isaac Okoroafor said that people had been misinterpreting the story to say that the banks would stop the collection of mutilated notes after September 2 .

“ It is not true, the banks will continue to accept those notes from people .

“ The general public should continue to return mutilated banknotes to their banks after the deadline .

“ The September 2 , 2019 deadline does not apply to bank customers or the general public , who will continue to return mutilated notes to the banks .

“ It only applies to the banks because free sorting of Naira notes for them will cease at the expiration of that deadline , ” Okoroafor said .

He noted that September 2 was only the deadline after which CBN would begin to charge banks .

Okoroafor said that “ We opened a window from June to September , so that when they bring the notes without sorting , we can sort it for them free .

“But as from September 2 , if they get those notes , they need to sort it before they bring it to us .

“ The deposit by customers and acceptance by commercial banks of mutilated notes is a normal and continuous banking practice and as such continues even after September 2 .

“ Anyone whose qualifying mutilated note is rejected by any bank should report such a bank to CBN by calling 07002255226 between 9 : 00 a . m . and 4 : 00 p. m . daily , ” he said .

On banks compliance level to the CBN mutilated notes directive , Okoroafor said , “ I wouldn’ t know what the compliance level is now until we ask our currency people .

“ But all we know is that they are returning the notes , they have been bringing it in and we have been replacing it with new ones , ” he told NAN .

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KlipNetLine

Na so.

Naso. Let's keep changing the goal posts.