The Central Bank of Nigeria (CBN) has created a portal for the collection of the old naira notes as the deadline to submit to banks directly elapsed on February 10, 2022. Vanguard’s findings show that the CBN published a notification titled ‘redemption of currency’ on its website on yesterday.
The notification provides a link to the portal to enable Nigerians to redeem (deposit) their old N1,000, N500, and N200 notes by completing an online formThe form reads: “Please click here to create your profile, generate reference and print out receipt for you to proceed to nearest CBN branch to deposit your old N1000, N500 and N200 notes into your bank account,” it reads. To generate a reference number, according to CBN, customers are required to provide their bank verification number, email address, phone number, bank account details, depositor information (including house address), and the total amount of the denomination to be redeemed.
The listing conditions for redemption of currency states: “Part of these conditions (which Nigerians must accept) is that “depositors can only access this window once”. The apex bank also said “beneficiary accounts would only receive value after successful processing of cash deposited and verification of documentations submitted.
 has created a portal for the collection of the old nairanotes as the deadline to submit to banks...){kind=link}