Tue, May

Naira Crisis: CBN Has Authorized Use Of Old Naira Notes – Charles Soludo

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The Governor of Anambra state and former CBN governor, Prof. Charles Soludo has revealed that the Central bank of Nigeria (CBN) has directed banks to dispense and accept old Naira notes. Making the news public on his Facebook page on Monday, Soludo noted that the CBN governor, Godwin Emefiele, confirmed to him that commercial banks could dispense and accept old notes from customers.

He wrote, “Commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive the same as deposits from customers. Tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.

“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.

The governor therefore urged residents to transact with the old notes and report banks/business outfits that decline to accept it in the state.