Banks will continue to accept old naira notes after the deadline has passed, according to Godwin Emefiele, governor of the Central Bank of Nigeria (CBN).

Emefiele stated on Tuesday when he appeared before the house of representatives’ special committee on the redesign of the currency and the naira swap policy.

After the deadline of February 10th, he claimed, the CBN will also accept old naira from banks.

Emefiele referred to the CBN legislation, which requires the top bank to keep taking old notes after they expire.

The CBN governor did not provide a time frame for when banks will stop accepting old notes, though.

Despite subsections (1) and (2) of this section, the CBN act’s section 20 (3) states that the bank has the authority to call in any of its notes or coins upon the president’s direction and after giving reasonable notice in that regard. However, subject to section 22 of the act, any note or coin with respect to which a notice has been given under this subsection ceases to be legal tender upon the expiration of the notice.

Read More>>>>>>>>

https://gistreportar.com/banks-will-accept-old-naira-notes-after-deadline-says-emefiele/

>>>>>>>>>>>>>>>>>>>>>

Good

I go go deposit my old cash after the 2023 Presidential Election

Cc Princeoflagos

Parachokopost=120528772:
Good

I go go deposit my old cash after the 2023 Presidential Election

Cc Princeoflagos

How your side

Politicians are the ones sustaining the lavish lifestyle of the banks and their directors.So they are the first people that the banks will issue out the new naira notes to before anyone.

PrinceOfLagos:

How your side

Fine Princeofowerri

Have you seen the deadline to return the old notes have been technically extended by the CBN?

Revolution2022:
Politicians are the ones sustaining the lavish lifestyle of the banks and their directors.So they are the first people that the banks will issue out the new naira notes to before anyone.

So what are you trying to say?

Parachoko:
So what are you trying to say?

Is what you have just read.

Parachoko:
Fine Princeofowerri

Have you seen the deadline to return the old notes have been technically extended by the CBN?

Yep yep , it's good for Nigerians

People are going through alot this days and will make a protest vote against APC in February