Banking

Soludo: I’ll shut banks rejecting old naira notes in Anambra

Anambra State Governor, Chukwuma Soludo, has told the residents of the state to report any bank that refuses to accept old N200, N500, and N1,000 notes.

Soludo, who said commercial banks have been directed by the Central Bank of Nigeria (CBN) to dispense and accept old naira notes from customers, vowed to shut down any defaulting bank in Anambra State.

The governor said this via a statement issued on Monday.

He disclosed that the CBN Governor, Godwin Emefiele, confirmed to him on Sunday night that commercial banks have been directed to dispense and accept old denominations from customers.

Governor Soludo stated: “Commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers.

“Tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.

“The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March, 2023. The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation 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.

“Residents should report any bank that refuses to accept deposits of the old notes. Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch,” Soludo said.

The Star