Quality: CBN Says Customers Will Continue To Return Mutilated Notes To Banks After Sept. 2nd - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
September 1, 2019
The Central Bank of Nigeria, CBN has said that the publicwould continue to return mutilated bank notes to their banks after theSeptember 2 deadline.
The Director, CBN Corporate Communications Isaac Okoroaforwho made this known in Lagos said that people had been misinterpreting thestory to say that the banks would stop collection of mutilated notes after thedeadline.
He noted that the September 2 was only thedeadline after which CBN would begin to charge banks. He said this is contraryto the news making round that mutilated notes collection would stop after thedeadline.
It would be recalled that the CBN had opened a three-monthwindow from June 3to September 2 for customersacross the country to replace old notes with new ones in all the banks.
The Apex Bank said this was part of its efforts to improve the overall quality of the naira notes in circulation. .