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Nigerian financial institutions Friday declared that their branches nationwide will work at the weekend to obtain and transform outdated notes for their buyers.
The Central Financial institution of Nigeria last December launched the recently redesigned N200, N500 and N1,000 as portion of efforts to look at inflation, counterfeiting and corruption. The financial institution also reiterated that the outdated note will stop getting a authorized tender by 31 January.
As section of efforts to relieve circulation of the new notes, the apex financial institution also introduced a hard cash swap programme throughout regional federal government regions in the region.
On Friday, to complement the effort of the apex lender, some professional banking companies declared that their branches nationwide will work on Saturday and Sunday.
“In line with our generate to often place You To start with, our branches nationwide will be open this Saturday, 28 January 2023 and Sunday, 29 January 2023 to acquire your previous Naira notes from 10 am – 2 pm,” To start with Financial institution said in a message to account holders.
The financial institution extra that there will be no charges for income returned or compensated into prospects accounts in the interval.
“All old Naira notes of series N200, N500 and N1000 will cease to be acknowledged as authorized tenders from 31 January 2023,” it included.
UBA in its message also said that its branches will work and attend to clients at the weekend.
GTBank, on its part, urged consumers to “save time! Avoid the previous-moment hurry by depositing your aged Naira notes currently at any of our branches.”
The loan provider included that: “Our branches will be open on Saturday January 28 and Sunday January 29, 2023 from 10.00am to 3.00pm to receive your cash deposits only.”
Previously in the 7 days, the CBN Governor, Godwin Emefiele, announced that there is no going again with regard to the 31 January deadline the financial institution stipulated for the acceptance of the previous notes as legal tender amongst Nigerians.
The apex financial institution also threatened sanction against any lender caught loading its ATM with the aged notes.
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