- The CBN has denied the report that it ordered deposit money banks to start collecting old ₦500 and ₦1000 notes citing that the media did not quote any official statement
- However, a visit to the apex bank websites and processes involved in generating the reference number showed deposit money banks as part of the collectors of the old notes and not only CBN
- After generating the reference number, you can then print out the slip, visit the branch of the deposit money bank you have selected with your old ₦500 and ₦1000 notes for deposit
The Central Bank of Nigerian (CBN), in a statement on Friday, February 17, denied the report that it has ordered the deposit money banks to start collecting the old ₦500 and ₦1000 notes.
The report claimed that the apex bank directed the deposit money banks to collect the old notes following difficulties Nigerians are experiencing in accessing the CBN.
