The Central Bank of Nigeria (CBN) has ordered banks to start collecting the old N500 and N1000 notes from the public with immediate effect.
It, However, pegged the maximum amount the bank can collect at N500, 000.
The CBN maintained that the old currencies were no more legal tender.
A source from the bank said, the CBN ordered the bank to collect monies instead of going to the CBN office following difficulties encountered in getting access to the bank.
A CBN official said,"go to your bank but fill out the form before you go. Go with your reference code you generate. With your code, banks will collect it from you. But if it is more than N500, 000, you will go to the CBN and deposit it.
Earlier, the CBN opened a portal on its own website and made it mandatory for those willing to return old notes and fill and generate a code.
Platinumpost gathered that Nigerians who earlier stormed the CBN office in Lokoja, Kogi State, have returned to their banks to swap old currencies following the directive by the Apex bank controller in the area.
More details to be follow......
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