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Home BUSINESS

Banks to work on Saturdays for old notes collection — CBN

By Babalola Seyi

Seyi Babalola by Seyi Babalola
January 20, 2023
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CBN

*The CBN Headquarters, Abuja, Nigeria

In order to collect old Naira notes from consumers, banks will be open on Saturdays, according to the Central Bank of Nigeria (CBN) on Friday.

This information was provided during the CBN’s education drive for traders at the Eke Market, Afikpo, by Mr. Kama Ukpai, the team leader in Ebonyi for the new Naira notes.

Ukpai asked the people to visit banks to deposit old naira notes because there wouldn’t be a deadline extension for submitting the notes till January 31.

“Banks would work on Saturdays for this purpose and there are no limits to amounts that can be deposited.

“The CBN team is in Ebonyi to ensure the implementation of the directives as we have not directed any bank to stop collecting old notes,” he said.

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Tags: CBN
Seyi Babalola

Seyi Babalola

Experienced Communications Expert and Journalist with an excellent track record of overseeing every aspect of news publishing from research, news collection/sourcing, editing and distribution. Adept at planning and implementing strategic initiatives across PR, broadcast and digital marketing to attract the target audience. Versatile and proactive individual with interest in public relations, media management, and Fact Checks.

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