Chukwuma Soludo: CBN has directed banks to dispense, receive old notes

Anambra State Governor Chukwuma Soludo has said that the Central Bank of Nigeria (CBN) has instructed commercial banks to exchange and accept old currency notes as deposits from consumers.

According to Daily Trust, Soludo said that Godwin Emefiele, the governor of the CBN, gave the order at a meeting of the Bankers’ Committee on Sunday.

Soludo, a former Governor of the CBN, was quoted as saying, “The Governor, Dr. Godwin Emefiele, confirmed all of the above to me personally over the phone on Sunday night.”

“Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes.”

Soludo asked people to report any bank that won’t take deposits of the old notes. He also said,  “Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch.”