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CBN Have Ordered Banks To Dispense And Accept Old Naira Notes -Soludo



Governor Soludo Photo Credit|Governor Soludo Facebook

The governor of Anambra State Professor Charles Chukwuma Soludo has said that the Nigeria’s apex bank Central Bank Of Nigeria CBN has directed all commercial banks across the country to dispense and accept old currency to customers.

According to the Anambra State governor,the CBN governor Godwin Emefiele gave the directive at the Banker’s committee meeting held in Abuja on Sunday 12th March 2023.

Governor Soludo further disclosed the same directives was equally disclosed personally by the CBN governor himself during a phone conversation with him on Sunday night.

The governor therefore in a statement on Monday 13th March 2023 directed all Anambra businesses to freely accept old N500, N1000 currency notes from customers to transact their businesses.

He directed Anambra residents to report banks or any business outlet rejecting old naira notes.

Read More:Peter Obi Meets All Labour Party Candidates In Anambra State.

The Statement Reads


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.


C. C. Soludo CFR.
Governor, Anambra State.

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