The Central Bank of Nigeria (CBN) finally declares old and new Naira notes legal tender.
CBN’s Acting Director of Corporate Communications, Dr Isa Abdulmumin, disclosed this on Tuesday, March 7, TheCable reports.
According to the report, Isa affirmed that commercial banks have started issuing both the old and new notes to their customers, although the apex bank is yet issue an official statement.
According to him, “Banks are paying old notes as well as new notes. They are all legal tender.
Yes, the CBN has not issued an official statement on the issue. Anyone banks give to you, you can collect. We just want to make life easy for Nigerians.”
He added that the old notes should not be rejected as they are still a valid means of exchange.
“No. They can’t reject it. It’s all legal tender,” he said.
Recall that last week the Supreme Court gave its verdict on Naira redesign, directing the federal government to allow the validity of N200, N500 and N1000 notes till 31 December
This verdict was doubted by the people as CBN hasn’t said anything about it last week. People was rejecting old notes after the court verdict.
CBN are yet to release an official statement on this to fully clarify the people to start using old Naira notes.
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