By Godwin Ebiboute Leloh
The Central Bank of Nigeria has ordered banks to start accepting the old N500 and N1,000 notes from the public with immediate effect.
The apex bank pegged the maximum amount the banks can receive at N500,000.
The CBN maintained that the old currencies were still no more legal tender.
A source from the bank said the CBN directed the banks to collect the monies instead of going to the CBN office following difficulties encountered in getting access to the bank.
The official said, “Go to your bank but fill the form before you go. Go with your reference code you generate. With your code, banks will collect it from you. But if it is more than 500,000, you will go to the CBN and deposit it.
Earlier, the CBN opened a portal on its website and made it mandatory for those willing to return old notes to fill and generate a code.
On Thursday, the CBN Governor, Godwin Emefiele, ordered the banks to make the old N200 notes available to Nigerians.
At the time of filing this report, a customer who visited First City Monument bank told News Band Newspaper that she just deposited her old Naira notes into her account.
