Banks will continue to accept old naira notes after the February 10 deadline —CBN

CBN Governor, Godwin Emefiele, has assured that the value of old Naira notes of 200, 500 and 1,000 will still be redeemed even after they have ceased to be legal tender by February 10 deadline.

Actually it's in the CBN Act, that banks will always accept the old currencies at all times after the expiration of the the date set out.

By legal tender, it means that it is generally accepted as a medium of exchange and within the time it is legal tender one can sue and be sued for non acceptance. But once it ceases to be a legal tender, one can reject it as a medium of exchange.

Truth is For Emefiele to totally make it that the old notes become paper, and totally worthles, he needs to first amend the CBN Act.

I do exchange, and Cameroon still accepts the money it did changed as way back as possible, the US dollars has been changed as well over the years,but then the old ones are still in circulation.
It's ok to want to get at a particular candidate.. but should it be at the detriment of a whole country with 250+ million people ?

Nigerians are very angry already,with fuell sold as high as 400naira, no light, and the fact that the money they took freely to bank they now have to pay POS people 5k for 100k.
Money that rich people n political class never have to pay for because the places they patronize all receive transfers. Compared to poor people who need cash for market,and virtually everything..

By next month the election will be over, but a dented economy will take months to repair.

If a politician is the problem, stop being a coward,go all out at him, stop using the whole 250+million people as bait to get back at a politician or some politician.

Emefiele and buhari had a secret plan to carry out against vote buyers either Tinubu or Atiku, the strategy is going to affect the economy and worsen the hardship of the less privilege. Nigerians can't pay for one man sin. This is not the right time to carry out this kind of plan, because they had their plan B.