We Didn’t Direct Banks To Disburse Old Notes – CBN

The Central Bank of Nigeria (CBN) has said that it never issued a fresh directive to commercial banks to obey last Friday’s judgement of the Supreme Court ordering the circulation of the old naira notes alongside the new ones until December 31.

There was confusion among commercial banks and business operators following the non-issuance of a directive by the CBN on receiving the old N500 and N1000 notes.

CBN spokesman, Isa Abdulmumin, who spoke to newsmen, said the apex has not issued an official statement.

A senior management source also said;

“Both the old and new notes are legal tender, and banks are currently issuing them to customers. Nigerians should not reject any note, whether old or new.”