HomeNewsHuman InterestBREAKING! CBN directs banks to collect old N500 and N1,000 notes

BREAKING! CBN directs banks to collect old N500 and N1,000 notes

Author

Date

Category

POST VIEWS

The Central Bank of Nigeria has directed Deposit Money Banks to collect old N500, and N1,000 notes from customers with reference code generated from its website

Multiple bank sources told newsmen that the branches received a directive from the head office some hours ago that they should collect the old notes from their customers who have enrolled and generated reference code from the CBN website.

A top CBN official confirmed to CBN saying yes we have directed them to collect the old N500 and N1000 from customers.

READ ALSO: Turkey-Syria earthquake:  UAE rescue team  saves two men, woman, others trapped in rubble after nine days 

- Advertisement -

Recall that President Mohammadu Buhari directed that the old N500 and N1,000 notes are no longer legal tenders but those having the notes should take the notes to the CBN so as not to lose their money.

Consequently, the CBN opened a portal for people with the old N500 and N1,000 notes to register how much they want to deposit and to get a reference code to confirm there registration. The reference code will be used to deposit the old notes at any of the CBN offices across the country.

Investigation however revealed that the CBN might have allowed the banks to collect the old notes from their customers following the huge number of people that besieged it’s offices to deposit the old N500 and N1,000.

- Advertisement -

A top bank official and branch head told newsmen, that the branch will collect old notes from customers tomorrow Saturday as the branch did not open to customers today due to fear of attack.

- Advertisement -

We Want Your Kind Support

Reporting the cradle of Islam requires a lot of money. We will not be deterred in our task by bringing to you instant happenings around the world, particularly as it concerns Islam. Keeping all our readers informed and educated is our goal.

Click Here to Join Our WhatsApp Group

For continued free access to in-depth news and detailed information, kindly consider making a modest donation to this noble cause.
Help to sustain reportage of Islam all around the globe and ensure everyone gets free access to it at all times.

DONATE NOW       

spot_img

Kaaba News E-Magazine

spot_img

RECENT POST

Remains of hundreds of 7,000-year-old ‘standing stone circles’ discovered in Saudi...

0
By Owen JarusArchaeologists in Saudi Arabia have excavated eight ancient "standing stone circles" that they say were used as homes.About 345 of these structures...

POPULAR POST