BREAKING: CBN Has Directed Banks To Dispense Old Notes – Soludo

 

The Central Bank of Nigeria (CBN) has finally directed commercial banks to dispense old currency notes and to also receive same as deposits from customers, according to Governor Chukwuma Charles Soludo of Anambra State, who is a former CBN Governor.

Daily Trust had exclusively reported how some commercial banks commenced payment of the old naira notes last week.

The Anambra Governor said tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.

Soludo said the CBN Governor gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March, 2023.

“The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes,” Soludo added.

He called on residents to report any bank that refuses to accept deposits of the old notes.

“Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch.”

Efforts to get the reaction of CBN to Soludo’s claim proved abortive as the spokesman, Isa Abdulmumin, could not be reached.

Sources at the Apex bank told our reporter that there have been several virtual meetings between Emefiele and the bank chiefs leading up to Sunday evening and there are strong indications that the news is true.

The CBN has at the time of this story has not debunked the claim of Governor Soludo.

  • Related Posts

    How I steal ATM users’ PINs, defraud them – Suspect

      A suspected fraudster has explained how he allegedly stole bank customers’ PINs by pretending to help them operate automated teller machines in Calabar, Cross River State. The suspect, whose…

    Nigeria confirms first Ebola case is Bundibugyo strain

      The first Ebola case detected in Nigeria is the Bundibugyo strain, which is behind a major DR Congo outbreak, and the patient is a diplomat, an emergency meeting heard…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    How I steal ATM users’ PINs, defraud them – Suspect

    • By admin
    • October 21, 2026
    • 4 views
    How I steal ATM users’ PINs, defraud them – Suspect

    Nigeria confirms first Ebola case is Bundibugyo strain

    • By admin
    • October 21, 2026
    • 4 views
    Nigeria confirms first Ebola case is Bundibugyo strain

    EFCC Arrests Abuja Businessman Over Alleged $120m Fraud

    • By admin
    • October 21, 2026
    • 4 views
    EFCC Arrests Abuja Businessman Over Alleged $120m Fraud

    Police Uncover International Visa Fraud Hideout In Ogun, Rescue 11 Ghanaians

    • By admin
    • October 21, 2026
    • 5 views
    Police Uncover International Visa Fraud Hideout In Ogun, Rescue 11 Ghanaians

    Mexican cartels turning Nigeria into meth hub – US

    • By admin
    • October 21, 2026
    • 5 views
    Mexican cartels turning Nigeria into meth hub – US

    #EndSARS Anniversary: Police Fire Tear Gas To Disperse Gathering At Lekki Toll Gate

    • By admin
    • October 20, 2026
    • 6 views
    #EndSARS Anniversary: Police Fire Tear Gas To Disperse Gathering At Lekki Toll Gate