Today I understood the importance of being informed and I thought of sharing this information. It may be useful to someone.

I went to the bank to deposit USD, unfortunately among the notes is a $100 2003 series. The teller brought out the old series and said they don’t accept it. I have heard of BDC rejecting old notes but for a bank? So I thought I should check what CBN has to say, I googled “old note series CBN”, and found a Memo by CBN that says banks and BDC are not to reject old series or lower denominations.

I quickly informed the teller that there’s a memo to the effect of rejecting old series. The teller said he would have to confirm from his superior, he went ahead to call his boss, the boss came and was like “oh yes, we don’t accept old series”, so I brought out the Memo on my phone and showed it to him and said I need him to confirm that he would not be accepting the old series. He started stuttering and was like he will need to confirm, I said sir this thing is in black and white. I guess he was trying to save face, he went to his desk, made a phone call, then instructed the teller to accept the note.

Below is a copy of the Memo/Circular, in the event anyone might need it.

Thanks for the enlightenment

Their usual act of rejection can either be sued vertically or horizontally but when you compare the monetary value of cowries and silver coins, the sense-able distance btwn the manager and their workers is much more lower than a tuber of beans but atm we really can't blame anyone, CBN was once built with bamboo sticks

God bless you immensely for schooling those inefficient bankers.

I believe the teller asked for egunje after the transaction. Hope you didn't drop anything for them after the free lecture?

Small opportunity people go de form demi god.

You for just sue them make so much out of them.

Lalasticlala, Seun & Mynd44 front page please so others can learn and not be cheated

Offpointng:
Their usual act of rejection can either be sued vertically or horizontally but when you compare the monetary value of cowries and silver coins, the sense-able distance btwn the manager and their workers is much more lower than a tuber of beans but atm we really can't blame anyone, CBN was once built with bamboo sticks

Na really offpoint you de dish out sha

kingphilip:


Na really offpoint you de dish out sha

Living up to his name. He's a legend

Davash222:
God bless you immensely for schooling those inefficient bankers.

I believe the teller asked for egunje after the transaction. Hope you didn't drop anything for them after the free lecture?

After that experience, it will be the last thing on their mind. They will attend to him & make him leave that banking hall fast because Nigerians are usually intimidated by knowledgeable people.

DoggoneDogg:


After that experience, it will be the last thing on their mind. They will attend to him & make him leave that banking hall fast because Nigerians are usually intimidated by knowledgeable people.

Those guys are shameless. They'll still ask.

Thank God for smart phones if not they would've mess up your day

Davash222:
God bless you immensely for schooling those inefficient bankers.

I believe the teller asked for egunje after the transaction. Hope you didn't drop anything for them after the free lecture?

No he didn’t ask for tips, he was like, hope when they give it to me I will accept it, and I said I won’t, he was like “u see”, told him I didn’t know accepting old notes was a problem until he established it just now that there’s a problem accepting old notes. He then said in that case what will then happen, told him I don’t know, the Memo said he as a financial institution must accept the note, it didn’t say me as a customer must accept it and that he will have to take it up with the CBN. Walked out!!!!

martyns303:


No he didn’t ask for tips, he was like, hope when they give it to me I will accept it, and I said I won’t, he was like “u see”, told him I didn’t know accepting old notes was a problem until he established it just now that there’s a problem accepting old notes. He then said in that case what will then happen, told him I don’t know, the Memo said he as a financial institution must accept the note, it didn’t say me as a customer must accept it and that he will have to take it up with the CBN. Walked out!!!!

You made him look like a fool. He will have a rethink about his life and career after the day's toil.

Its better to be informed and also have data too incase of necessity like this

Ok

chaiii

o wrong nau

Reading!!! Done!!
Inefficiency at its peak

They wan carry you handicap... it later turn out to be goal goal

Nawa

Fucking country

Let me save this one

Thanks for this piece of information.......

But by the end of this month, nothing go stop me from buying a piggy bank .

These days,na criminals full banks pass disguising as bankers

ok

I see that teller loosing his job before the end of this week, I see him implicating his oga, I see both of them going down together.

This I have seen.

You have done well, and you are very intelligent to be able to know this...

Majority of these our so called bankers hardly follow the new CBN news to keep them abreast of the latest news...

I could remember when I worked in the bank, God continue to bless my boss then, he would always say Wunmi and others, make sure you follow CBN and know what's going on in the banking system, so that you won't be lost when a customer ask you a question...


The other things bank lack these days now is training school, I'm not sure they still go to training school, like every 6month to keep them inform of the new and latest banking development ..

One thing is to be informed, another is to have the confidence to confront.
You did well >:

How much was the exchange rate OP?

We're una de see this money self??