- Recent findings indicate that numerous banks are still accepting old naira notes, in contrast to the Central Bank of Nigeria’s (CBN) directive denying any such instruction to banks.
- The findings reveal that some banks are allowing customers to deposit their old notes that they still possess.
Some banks are open on weekends to accept old notes from customers.
According to a report by Vanguard, some banks are still accepting old N500 and N1000 notes from customers, despite the Central Bank of Nigeria’s (CBN) denial of issuing such a directive. The CBN has also directed Nigerians to return their old N500 and N1000 notes to their banks through its portal, which contradicts the apex bank’s earlier statement. An anonymous bank official interviewed by Legit.ng claimed that the CBN directive was not specific and did not prohibit banks from accepting old notes from customers.