CBN says old naira notes remain valid

The apex bank warned against rejection of the old notes, saying it has not ordered the withdrawal of the old banknotes.

It would be recalled that earlier in the year, the Supreme Court, during the cash crisis occasioned by the CBN’s redesign of the higher denomination notes — 200, 500 and 1,000, had ordered that old notes remained valid till December 31, 2023.

As December approaches, the ruling is causing anxiety over the legality of the old notes.

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