Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December, some deposit money banks have started paying out the old notes.
Valid sources showed that some commercial banks in the City of Kano and Abuja have commenced paying out the old N500 and N1000 notes.
While some branches of Guarantee Trust Bank (GTB) issued out old notes, some others like Polaris bank in Abuja had not commenced as of the time this report was filed.
A member of staff confided in a reporter that only the old N200 notes were still being issued, “as we do not have any new directive on what to do yet.”
