A report was earlier circulating, which stated that CBN has requested that banks accept the old 500 and 1000 naira notes. However, the Central Bank of Nigeria has released a statement via its official Twitter account denying such information saying that the previous directives by President Muhammadu Buhari on the new naira note will be upheld.
PRESS RELEASE pic.twitter.com/AXkUlDGjx7
— Central Bank of Nigeria (@cenbank) February 17, 2023
Moreover, this is in contrary to CBN’s directives in their various branches all over the country where individuals are asked to visit their various banks to return their old note if it is less than five hundred thousand naira.
