The Governor of Anambra State, Prof. Charles Soludo, has said that the Central Bank of Nigeria (CBN) has ordered commercial banks to resume accepting and issuing old N500 and N1,000 notes to customers.
Soludo, who is a former Governor of the apex bank, said this in a statement he personally signed.
“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,” he said.
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Soludo said CBN governor, Godwin Emefiele, gave the directive at a Bankers’ Committee meeting held on Sunday, March 12.
“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’s statement further read.
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