Banks have begun to dispense old N1,000 and N500 notes to their customers, about three days after a few banks started doing so.
Findings by The DRILLOGIST on Thursday revealed that Polaris Bank, GT Bank and First Bank had started to pay old N1,000 and N500 notes to their customers.
This came about three days after Zenith Bank Plc and Sterling Bank started dispensing old N1,000 and N500 notes to their customers.
Meanwhile, many customers were shocked on Thursday after some Deposit Money Banks in Abuja that dispensed the old naira notes declared that they would not accept the old bills from their customers.
Many of the banks gave their customers conditions to be fulfilled before they would allow the old notes to be deposited in the DMBs by their clients.
This created confusion among customers, who also complained that the old notes were being rejected by traders, filling stations, transporters and other businesses in the capital city.
Customers who formed massive queues in front of several banks across various locations in Abuja, expressed surprise that the banks were paying the old notes and were at the same time rejecting the bills when costumers want to deposit it.
