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CBN directs banks to start accepting old notes

In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterised the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023.

CBN

Accordingly, the CBN met with the Bankers’ Committee. Directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.

Consequently, all concerned are directed to conform accordingly. 

Signed

Isa AbdulMumin
Acting Director
Corporate Communications

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Ndigbo worldwide is an online community established to connect and unite Southeastern Nigerians (ndigbo) and the lovers of ndigbo all over the world. It aims to educate the current and future generations about the culture of ndigbo, bringing themcloser home no matter where in the world they live with news and events happening in the region, while at the same time providing a platform for social networks and e-commerce. Its registered users can live-chat, network and create connections among themselves, as well as respond to posts, or issues by leaving comments and offering insights on matters of interest to them. To further our mission, our platform helps users find and connect with individuals, teams, organizations, and other entities. There are numerous ways to express yourself and communicate with friends and family, such as consistently sharing status updates, photos, videos, and stories about the things that matter to you across the platform

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