Old notes: Kaduna Residents Reportedly Flood Banks After CBN’s Latest Directive

Written by on March 14, 2023

Kaduna residents flooded commercial banks on Tuesday following the Central Bank of Nigeria’s directive that old N500, and N1,000 notes should remain valid legal tender until December 31.

According to reports, many commercial banks’ gates were full before 8:00 am, with customers optimistic that their sufferings have come to an end.

One of the residents, John Grace, who said she stood at the first Bank gate since 6:00 am today, said she was sure of going home with money, while Jusmana Moses, who banks with United Bank for Africa, said his bank would not have any excuses to give.

However, Peter Abraham, a Zenith Bank customer, expressed confidence that the bank has no excuses today, because the old currency received can easily be disbursed to customers.

Meanwhile, Dr. Musa Yahaya, an account officer in one of the commercial banks in Kaduna, said that the bank has no money to pay customers, adding that all the old notes were taken to the Central Bank of Nigeria.

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