The Central Bank of Nigeria, CBN has said that the public would continue to return mutilated bank notes to their banks after the September 2nd deadline.
The Director, CBN Corporate Communications Isaac Okoroafor who made this known in Lagos said that people had been misinterpreting the story to say that the banks would stop collection of mutilated notes after the deadline.
He noted that the September 2nd was only the deadline after which CBN would begin to charge banks. He said this is contrary to the news making round that mutilated notes collection would stop after the deadline.
It would be recalled that the CBN had opened a three-month window from June 3rdto September 2nd for customers across 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. .