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Banks begin dispensing old Naira notes

Commercial banks in the Federal Capital Territory, Abuja, have started issuing the old Naira notes to customers.Information Guide Nigeria

According to DAILY NIGERIAN, some customers in Abuja thronged banks to collect the notes while some rejected them.


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A customer identified as Ifeanyi Udenna collected the old N1,000 notes from First Bank, adding that he accepted the old notes because it was issued to him by a commercial bank.

He said, ”I believe that because the money is coming from a commercial bank, the information will be authentic.

”Although we have not heard any information from the Central Bank of Nigeria (CBN) about the old notes, the banks cannot be acting on their own.”NYSC Portal

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Another customer, Eugenia Atah, said: ”I collected N20,000 of the old N1,000 notes from my bank but when I went to the market, they refused to collect it.

”I also went to a restaurant to have lunch but the woman in charge rejected it.

”This is frustrating because I thought that the issuance of the old notes will reduce our suffering,” she said.

DAILY NIGERIAN reports that, Chris Idoko appealed to the CBN to give an official statement.

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”I went to my bank and they were giving customers old notes but I refused to collect them because people have not started spending them.

“Nobody collects these old notes in the market,” he said.

According to NAN, that the CBN is yet to respond to the apex court judgment on the old notes.JAMB Result

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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