‘Any Bank That Rejects Old Naira Will Be Shut Down’ – Soludo Tells Anambra Residents

Professor Charles Soludo, the Governor of Anambra State has confirmed that Godwin Emefiele, Governor of the Central Bank Nigeria (CBN) directed banks to commence the dispersion and acceptance of Old N200 N500 and N100 notes as legal tender.

This VerseNews Nigeria reports that in a statement on Monday March 13, soludo warned that any bank that refuse to accept the old naira notes will be reported to the Apex bank and consequently will be shut down.

The governonr also directs Ananmbra residents to freely accept and transact their businesses with the old currency notes alongside the new naira notes.

The governor said; “Anambra state government will not only report such a bank to the CBN but will also immediately shut down the defaulting branch.”

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“Commercial banks have been directed by the central bank to dispense old currency notes and to also receive same as deposits from customers,” the governor said.

“Tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.

“The governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March 2023. The Governor, Dr. Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night.

“Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes.”

This Online News Media reported that two weeks ago, the supreme court ordered that the old naira notes remain regal tender on the ground that the new naira policy faults timing and implementation.

Efforts to implement to order by the Apex bank has been in vain as commercial banks and Nigerians demand for confirmation from CBN or president Muhammadu Buhari.