CBN have directed Commercial Banks to dispense and receive old currency notes, Soludo tells Anambra residents

The Governor of Anambra State, Chukwuma Soludo, has urged the state residents to transact with the old naira notes and report banks that refuse to accept the notes.

He stated that The Central Bank of Nigeria (CBN) has reportedly directed banks in the country to immediately dispense old notes from customers and also receive same from them.

Making the announcement on his Facebook page on Monday, Soludo, who was also a former governor of the apex bank, noted that the CBN governor, Godwin Emefiele, confirmed to him that commercial banks could dispense and accept old notes from customers.

“The Governor of the CBN 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.

“Residents should report any bank that refuses to accept deposits of the old notes. The Anambra State Government will not only report such a bank to the CBN but will also immediately shut down the defaulting branch.”

The directive from Soludo is coming on the heels of such orders given by other state governors for residents in their states to continue using the old notes for transactions.

The governors of Kaduna, Kogi, Osun, Edo, Zamfara, Lagos, Rivers, Akwa Ibom and other states have gone steps further by threatening to arrest and prosecute anyone refusing to accept the old notes.

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