Old Naira Notes will Cease to Be Legal Tender Jan 31, CBN Insists – THISDAYLIVE

The Central Bank of Nigeria has said it will not extend the January 31 deadline for N1,000, N500 and N200 notes to cease being legal tender despite pressure from Nigerians on the need for an extension of the deadline.

The old notes are expected to be out of circulation by January 31 yet there is scarcity of the new notes as banks keep dispensing old notes to their customers across the country. He said: “The January 31 deadline is fast approaching and the CBN has no plan to extend the deadline. So, all those who have the old notes should please take them to their banks so that they will be exchanged or credited to their accounts.

Emefiele is trying to cause more suffering to Nigerians. A good economist will agree that, with the level of suffering in town, the old and new currency should be in circulation while CBN will withdraw the old gradually from the economy without any deadline. God bless Nigeria

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ATMs: CBN to sanction banks dispensing old notesThe Director of the Legal Services Department of the Central Bank of Nigeria, Mr Kofo Salam-Alada, has said the agency will go tough on banks that continue to fill their ATM machines with old naira notes as the deadline to phase out the notes nears. UBAGroup wuse II should be the first to be punished I went to bank yesterday to make a withdrawal they bank gave me old I ask the lady at the canter, why are guy not giving the new note she said the ATM is dispensing it.. lol what a country, my question now is why are u guy giving old note at d canter God punish all of you...the stupid new note didn't circulate talkless of having in it
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