₦airaland Forum

The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline.

Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court.

Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old naira notes, disregarding a Supreme Court order restraining CBN from following through on its directive of rejecting the old denominations at the expiration of its ultimatum.

The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline.

“The design of N200, N500 and N1,000 will no longer be accepted as a legal tender after Friday 10 February 2023,” Stanbic IBTC wrote in an email to their customers on Thursday. “Deposit your old notes now at any of our branches.”

The Union Bank urged its customers to “rush” to its branches to deposit the old banknotes.

“Avoid the rush! Visit your nearest Union Bank branch to deposit your old naira notes today,” the bank stated in a post that included an image of a notepad with the words “1 day to go” written on it. The image included the expiring N200, N500, and N1,000.

Similarly, Access Bank reminded customers to “hurry now” and “beat the new February 10th deadline to deposit your old (200, 500 and 1000) naira notes” in an email sent to customers on Thursday.

Seeing as they were not joined in the Supreme Court case filed by Kogi, Kaduna and Zamfara, the banks believe they are only subject to the CBN directive regarding the expiration of the denominations and since they have not received a counter-circular regarding the matter from the apex bank.

On Tuesday, a seven-member panel led by Justice John Okoro halted the CBN’s withdrawal of the old naira denominations in a ruling in an ex parte application brought by the three northern states.

Seeing as they were not joined in the Supreme Court case filed by Kogi, Kaduna and Zamfara, the banks believe they are only subject to the CBN directive regarding the expiration of the denominations and since they have not received a counter-circular regarding the matter from the apex bank.

Jungle don mature
They should go to Hell Rufai house or the supreme court or Tinub's house or any APC office in their States to change their old naira note
Even Supreme Court will vacate that nonsense order next week , and CBN decision next week will be final and heaven will no Fall

kenny714433:
Let them take it to Kaduna or Tinubu's Lagos and spend it there

Houstency:
APC -- All Past Criminals... Add your own!

AsomughaChuks05:
People are still c9llecting the old notes as of this afternoon that I went to the restaurant. If the people cooperate, there is little the CBN can do until they mop up the old notes completely. If the commercial banks don't collect the old note(which is doubtful), they risk going bankrupt if customers decide to start keeping their cash at home.

ChangetheChange:
Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court.

Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old naira notes, disregarding a Supreme Court order restraining CBN from following through on its directive of rejecting the old denominations at the expiration of its ultimatum.

The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline.

“The design of N200, N500 and N1,000 will no longer be accepted as a legal tender after Friday 10 February 2023,” Stanbic IBTC wrote in an email to their customers on Thursday. “Deposit your old notes now at any of our branches.”

The Union Bank urged its customers to “rush” to its branches to deposit the old banknotes.

“Avoid the rush! Visit your nearest Union Bank branch to deposit your old naira notes today,” the bank stated in a post that included an image of a notepad with the words “1 day to go” written on it. The image included the expiring N200, N500, and N1,000.

Similarly, Access Bank reminded customers to “hurry now” and “beat the new February 10th deadline to deposit your old (200, 500 and 1000) naira notes” in an email sent to customers on Thursday.

Seeing as they were not joined in the Supreme Court case filed by Kogi, Kaduna and Zamfara, the banks believe they are only subject to the CBN directive regarding the expiration of the denominations and since they have not received a counter-circular regarding the matter from the apex bank.

On Tuesday, a seven-member panel led by Justice John Okoro halted the CBN’s withdrawal of the old naira denominations in a ruling in an ex parte application brought by the three northern states.

https://gazettengr.com/despite-supreme-court-order-stanbic-ibtc-union-bank-others-insist-on-rejecting-old-naira-notes/

ChangetheChange:
The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline

Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court.

Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old naira notes, disregarding a Supreme Court order restraining CBN from following through on its directive of rejecting the old denominations at the expiration of its ultimatum.

The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline.

“The design of N200, N500 and N1,000 will no longer be accepted as a legal tender after Friday 10 February 2023,” Stanbic IBTC wrote in an email to their customers on Thursday. “Deposit your old notes now at any of our branches.”

The Union Bank urged its customers to “rush” to its branches to deposit the old banknotes.

“Avoid the rush! Visit your nearest Union Bank branch to deposit your old naira notes today,” the bank stated in a post that included an image of a notepad with the words “1 day to go” written on it. The image included the expiring N200, N500, and N1,000.

Similarly, Access Bank reminded customers to “hurry now” and “beat the new February 10th deadline to deposit your old (200, 500 and 1000) naira notes” in an email sent to customers on Thursday.

Seeing as they were not joined in the Supreme Court case filed by Kogi, Kaduna and Zamfara, the banks believe they are only subject to the CBN directive regarding the expiration of the denominations and since they have not received a counter-circular regarding the matter from the apex bank.

On Tuesday, a seven-member panel led by Justice John Okoro halted the CBN’s withdrawal of the old naira denominations in a ruling in an ex parte application brought by the three northern states.

https://gazettengr.com/despite-supreme-court-order-stanbic-ibtc-union-bank-others-insist-on-rejecting-old-naira-notes/

LadyExcellence:
God punish tifnubu

Pierced:
Toaday.......at mile 12 market.......even till now.... people are still collecting old notes.

I wonder what will happen on Monday. Maybe banks will not open.

Upworkwriter007:
People are still collecting old notes. it like CBN has their own law, while the populace has another. This is the definition of anarchy

ChangetheChange:
The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline

Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court.

Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old naira notes, disregarding a Supreme Court order restraining CBN from following through on its directive of rejecting the old denominations at the expiration of its ultimatum.

The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline.

“The design of N200, N500 and N1,000 will no longer be accepted as a legal tender after Friday 10 February 2023,” Stanbic IBTC wrote in an email to their customers on Thursday. “Deposit your old notes now at any of our branches.”

The Union Bank urged its customers to “rush” to its branches to deposit the old banknotes.

“Avoid the rush! Visit your nearest Union Bank branch to deposit your old naira notes today,” the bank stated in a post that included an image of a notepad with the words “1 day to go” written on it. The image included the expiring N200, N500, and N1,000.

Similarly, Access Bank reminded customers to “hurry now” and “beat the new February 10th deadline to deposit your old (200, 500 and 1000) naira notes” in an email sent to customers on Thursday.

Seeing as they were not joined in the Supreme Court case filed by Kogi, Kaduna and Zamfara, the banks believe they are only subject to the CBN directive regarding the expiration of the denominations and since they have not received a counter-circular regarding the matter from the apex bank.

On Tuesday, a seven-member panel led by Justice John Okoro halted the CBN’s withdrawal of the old naira denominations in a ruling in an ex parte application brought by the three northern states.

https://gazettengr.com/despite-supreme-court-order-stanbic-ibtc-union-bank-others-insist-on-rejecting-old-naira-notes/

ChangetheChange:
The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline

Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court.

Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old naira notes, disregarding a Supreme Court order restraining CBN from following through on its directive of rejecting the old denominations at the expiration of its ultimatum.

The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline.

“The design of N200, N500 and N1,000 will no longer be accepted as a legal tender after Friday 10 February 2023,” Stanbic IBTC wrote in an email to their customers on Thursday. “Deposit your old notes now at any of our branches.”

The Union Bank urged its customers to “rush” to its branches to deposit the old banknotes.

“Avoid the rush! Visit your nearest Union Bank branch to deposit your old naira notes today,” the bank stated in a post that included an image of a notepad with the words “1 day to go” written on it. The image included the expiring N200, N500, and N1,000.

Similarly, Access Bank reminded customers to “hurry now” and “beat the new February 10th deadline to deposit your old (200, 500 and 1000) naira notes” in an email sent to customers on Thursday.

Seeing as they were not joined in the Supreme Court case filed by Kogi, Kaduna and Zamfara, the banks believe they are only subject to the CBN directive regarding the expiration of the denominations and since they have not received a counter-circular regarding the matter from the apex bank.

On Tuesday, a seven-member panel led by Justice John Okoro halted the CBN’s withdrawal of the old naira denominations in a ruling in an ex parte application brought by the three northern states.

https://gazettengr.com/despite-supreme-court-order-stanbic-ibtc-union-bank-others-insist-on-rejecting-old-naira-notes/

ChangetheChange:
The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline

Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court.

Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old naira notes, disregarding a Supreme Court order restraining CBN from following through on its directive of rejecting the old denominations at the expiration of its ultimatum.

The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline.

“The design of N200, N500 and N1,000 will no longer be accepted as a legal tender after Friday 10 February 2023,” Stanbic IBTC wrote in an email to their customers on Thursday. “Deposit your old notes now at any of our branches.”

The Union Bank urged its customers to “rush” to its branches to deposit the old banknotes.

“Avoid the rush! Visit your nearest Union Bank branch to deposit your old naira notes today,” the bank stated in a post that included an image of a notepad with the words “1 day to go” written on it. The image included the expiring N200, N500, and N1,000.

Similarly, Access Bank reminded customers to “hurry now” and “beat the new February 10th deadline to deposit your old (200, 500 and 1000) naira notes” in an email sent to customers on Thursday.

Seeing as they were not joined in the Supreme Court case filed by Kogi, Kaduna and Zamfara, the banks believe they are only subject to the CBN directive regarding the expiration of the denominations and since they have not received a counter-circular regarding the matter from the apex bank.

On Tuesday, a seven-member panel led by Justice John Okoro halted the CBN’s withdrawal of the old naira denominations in a ruling in an ex parte application brought by the three northern states.

https://gazettengr.com/despite-supreme-court-order-stanbic-ibtc-union-bank-others-insist-on-rejecting-old-naira-notes/

AsomughaChuks05:
People are still c9llecting the old notes as of this afternoon that I went to the restaurant. If the people cooperate, there is little the CBN can do until they mop up the old notes completely. If the commercial banks don't collect the old note(which is doubtful), they risk going bankrupt if customers decide to start keeping their cash at home.