Banks must accept old naira notes after 10 February deadline — Emefiele
Written by Adewale Adeyemi on January 31, 2023
The Governor of Central Bank of Nigeria CBN, Godwin Emefiele, has declared that commercial banks will still accept old Naria notes even after the February tenth deadline.
Emefiele announced this today while appearing before the House of Representatives ad hoc committee looking into the implementation of the policy.
The CBN governor said he agrees with section 20(3) of the CBN Act, which provides that commercial banks must accept old notes after a deadline.