JUST IN: After CBN Orders, Bank Gives Fresh Condition To Accept Old N500, N1,000 Notes From Customers
JUST IN: After CBN Orders, Bank Gives Fresh Condition To Accept Old N500, N1,000 Notes From Customers
One of the commercial banks in the country, First Bank Nigeria Plc, on Friday said its doors are open to receive old naira notes from customers.
The bank, in a public notice, sighted by Ibom Focus, however, said customers must first register with the Central Bank of Nigeria (CBN) portal before the now invalid old notes would be accepted as deposit.
The public notice shared on its Facebook and Twitter pages (now deleted) read : “Dear Valued Customer, this is to inform you that our branches shall receive old notes up to a maximum of N500,000 (Five Hundred Thousand Naira) after registration on the CBN portal.
” Please note that deposits of more than N500,000 (Five Hundred Thousand Naira) should be taken to the nearest CBN location.
” In addition, our branches will be open tomorrow, Saturday 18 February 2023 to recieve old notes.”
Ibom Focus had earlier reported that the CBN had directed commercial banks to receive from customers the old N500 and N1,000 notes, with the maximum pegged at N500,000.
The apex bank said any amount above N500,000 should be taken to any of CBN’s branches across the country for deposit.
