Live On Air

🎧 Listen Live 🔴

  • Home
  • Classic TV
  • Shows
  • The Crew
  • News
  • Events
  • Competitions

Banks will accept old notes after deadline – Emefiele

News

Commercial banks in Nigeria will still accept old naira notes from customers after the February 10 deadline, the governor of the Central Bank of Nigeria, Godwin Emefiele, told the House of Representatives on Tuesday.

Emefiele stated this while appearing before the ad hoc committee set up by the House on the CBN naira redesign policy, although he did not state how long the expired notes would be admitted by the banks.

The Speaker of the House, Femi Gbajabiamila, had accused the CBN governor of breaching Section 20 of the CBN Act which, according to him, mandates commercial banks to accept old notes even after the deadline.

“After the expiration date, such naira notes changed will no longer be legal tender but it also says that even five months, three months, or two months after, even in June, all the old notes presented to the bank shall be redeemed by the bank,” Gbajabiamila had stated in a Thursday speech.

More Posts

RSG set to sell off former NDDC building

Read More »

RIVERS POLICE SCARE OFF KIDNAPPERS, RECOVER STOLEN VEHICLE, AMMUNITION AND OTHER ITEMS

Read More »

JUST IN: Supreme Court joins nine states on naira swap suit

Read More »

BREAKING: Port Harcourt residents protest rejection of Old Naira Notes

Read More »
  • 2023 Copyright © Megalectrics Limited
  • Privacy Policy
  • Terms
Facebook-f Instagram Twitter Youtube
Facebook-f Instagram Twitter Youtube
  • Copyright © 2022 Megalectrics Limited
  • Listen Live

Live On Air

  • About Us
  • Shows
  • The Crew
  • News
  • Contact Us
  • Advertise with Us

Classic 91.1 FM

Port-Harcourt

We are located at Megalectrics Limited, 4th Floor – Left Wing, Genesis Centre, 35, Tombia Street, GRA Phase 2, Port Harcourt. Rivers State. Nigeria

  • Abuja
  • Lagos
  • Privacy Policy
  • Terms
  • 2023 Copyright © Megalectrics Limited
Facebook-f Instagram Twitter Youtube
  • Listen Live

Live On Air

  • Home
  • News
  • Shows
  • The Crew
  • About Us
  • Contact Us
  • Advertise with Us
Facebook-f Instagram Twitter Youtube
  • Privacy Policy
  • Terms
  • Copyright © 2022 Megalectrics Limited