• Mon. May 29th, 2023

CBN Denies Gov. Soludo, says “no Order has been Given to Banks”

ByJustice Godfrey Okamgba

Mar 13, 2023

In light of the growing currency crisis, the Central Bank of Nigeria has clarified its position on ordering commercial banks to accept and dispense outdated Naira notes.

According to DAILY POST, Dr. Isa Abdulmumin, the acting director of corporate communication for the CBN, confirmed that there is no notification from the central bank ordering commercial banks to accept and distribute old N500 and N1000 notes from Nigerians.

Abdulmumin was responding to a statement made by Prof. Chukwuma Soludo, the governor of Anambra State, who claimed that the apex bank has ordered commercial banks to accept and dispense outdated notes.

He said, “Governor Charles Soludo’s statement emanates from him, not the Central Bank of Nigeria.

The Central Bank has not issued any statement directing banks on a collection of old naira notes. I am sure sometime in the future; the bank will issue a statement”.




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