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News update: Old N200, N500, N1,000 notes remain legal until Dec 31 Says CBN

The Central Bank of Nigeria (CBN) has confirmed that old N200, N500, N1,000 notes will remain legal tender until December 31, 2023.

The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin, announced this in a statement on Monday.

AbdulMumin stated that the CBN took the decision based on the Supreme Court’s ruling of March 3, 2022.

“Accordingly, the CBN met with the Bankers’ Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.

“Consequently, all concerned are directed to conform accordingly,” the statement read in part.

The CBN’s statement comes after President Muhammadu Buhari absolved himself of any blame for the failure of the apex bank to obey the highest court in the land.

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Mercy11
@Mercy11
Nice 👍
2y ago
Reply
Ejuba faith
@Ejuba faith
After all the suffering🥺
2y ago
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Ayomide
@Ayomide
Thank God o
2y ago
Reply
Goodie24
@Goodie24
Will they still accept it
2y ago
Reply
dprince123
@dprince123
That's the problem here, because people are no longer collecting it
2y ago
Reply
Ekpenyong
@Ekpenyong
I thought the will still misbehave
2y ago
Reply
Brainbox
@Brainbox
Thank God
2y ago
Reply
Bennyuk117
@Bennyuk117
Wahala don de
2y ago
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Smile
@Smile
At last
2y ago
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StephenJJ
@StephenJJ
Confused set of people
2y ago
Reply
dprince123
@dprince123
Finally the CBN have decided to obey the supreme court order af
2y ago
Reply
dprince123
@dprince123
Finally the CBN have decided to obey the supreme court order af
2y ago
Reply
Rex
@Rex
I no go still collect am again 🙂🙂
2y ago
Reply
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