Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes (457 Views)
Buhari orders banks to issue NIN cards to Nigerians / CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender / Banks Resume Paying Nigerians Old ₦500, ₦1,000 Notes (2) (3) (4)
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| Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by salesbloo: 2:35pm On Feb 17, 2023 |
The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the banks can collect at N500,000. The CBN maintained that the old currencies were no more legal tender. A source from the bank said the CBN ordered the banks to collect the monies instead of going to the CBN office following difficulties encountered in getting access to the bank. https://punchng.com/breaking-cbn-orders-banks-to-collect-old-n500-n1000-notes/#:~:text=The%20Central%20Bank%20of%20Nigeria,were%20no%20more%20legal%20tender. |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by salesbloo: 2:36pm On Feb 17, 2023 |
You see why APC Governors are right Emefiele is a clown I can deposit 500K in 5 different bank accounts making 2.5m meaning old notes is still a legal tender .....since the deadline specified is April 10 . Alternatively if you have individual and corporate accounts ....500k in each account Redesign Policy is completely defeated Am I right or wrong? 5 Likes 2 Shares |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by Naijanascam: 2:36pm On Feb 17, 2023 |
No don't take it to the bank.... you will spend them even till 2030 Your governors are the real CBN governor of their States |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by micchi(m): 2:37pm On Feb 17, 2023 |
Hmmm |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by Llight101(m): 2:37pm On Feb 17, 2023 |
The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the banks can collect at N500,000. The CBN maintained that the old currencies were no more legal tender. A source from the bank said the CBN ordered the banks to collect the monies instead of going to the CBN office following difficulties encountered in getting access to the bank. A CBN official said, “Go to your bank but fill out the form before you go. Go with the reference code you generate. With your code, banks will collect it from you. But if it is more than 500,000, you will go to the CBN and deposit it.” |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by tilode: 2:38pm On Feb 17, 2023 |
I will rather trade with caution after the President's declaration |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by peter0071(m): 2:39pm On Feb 17, 2023 |
the CBN didnt plan this process well at all 3 Likes 1 Share |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by salesbloo: 2:45pm On Feb 17, 2023 |
Llight101: If you have accounts with different banks or both corporate and individuals...what happens? |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by Siwisheswereesh: 2:47pm On Feb 17, 2023 |
Piiggiiddiootts in the mud  Piiggiiddioootts amaka 1 Like |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by tinsel: 2:48pm On Feb 17, 2023 |
Here as they will divert back to their curse of Buhari 1 Like |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by baralatie(m): 2:49pm On Feb 17, 2023 |
peter0071:Emefiele is the core manipulator and mismanger of the whole thing 2 Likes |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by salesbloo: 2:49pm On Feb 17, 2023 |
tinsel: |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by olatade(m): 2:51pm On Feb 17, 2023 |
These people are confused |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by LibertyRep: 2:52pm On Feb 17, 2023 |
Ok |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by KingKO22: 2:53pm On Feb 17, 2023 |
Emefiele is a confusionist Emefiele is a useless stooge for cabal. He will be used and dump just as Jonathan and Amaechi El-Rufai and Ganduje are winning the race for Asiwaju ASIWAJU is now seen as the only candidate who care about the welfare of Nigerians |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by bjdon: 2:56pm On Feb 17, 2023 |
I don't want Tinubu to win(Lord forbid), but I can't stand judicial rascality. The supreme court has given a clear order and Buhari and the CBN are not obeying. Yes we can laugh now because it's Tinubu and his men on the receiving end but about tomorrow. Once this precedent is set, what will we say when another President tomorrow refuses to accept supreme court order? This path leads to anarchy. I respect what Buhari is trying to do, but the rule of law must be sacrosanct, else we are in the jungle. If Buhari really wanted free elections he should have empowered EFCC to be effective, the way it was during OBJ's time. Which governor dare stock away billions in that era? 2 Likes |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by KingKO22: 2:58pm On Feb 17, 2023 |
Asiwaju deserve all the credit if it's true Emefiele has been taught a lesson He is a useless saboteur otherwise does he need to be reminded that only tender should/can be replaced with new one as long as 100 years |
| Re: Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes by Mynd44: 2:58pm On Feb 17, 2023 |
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