• Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

JUST IN: CBN Clarifies Acceptance Of Old Notes After Deadline

Adam PR by Adam PR
February 1, 2023
in NEWS
0
JUST IN: CBN Clarifies Acceptance Of Old Notes After Deadline
20.2k
SHARES
20.2k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook
Share This News

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, did not instruct commercial banks to continue to accept old naira notes after the February 10 deadline earlier set by the apex bank.

This was according to the CBN spokesperson, Osita Nwanisoba, who refuted the reports

Newspapers had quoted Emefiele as disclosing the alleged new directive when he appeared before the House of Representative ad hoc committee overseeing the implementation of the naira redesign policy.

The House of Representatives also shared a video of the meeting on Twitter, quoting Emefiele as saying “In agreement with @HouseNGR resolution and subject to section 20, subsection 3 which says even after the old currency have lost its legal tender status that we are mandated to collect those monies. We will still continue to accept old notes into bank accounts”

But Nwanisoba while making clarification said “I think they are getting this wrong. The CBN did not reveal moving the deadline forward but insisted on the 7-day grace to deposit old Naira notes to any CBN branches nationwide.”

Section 20 subsection (3) of the CBN Act, reads, “Notwithstanding Sub-sections (1) and (2) of this section, the Bank shall have power, if directed to do so by the President and after giving reasonable notice in that behalf, to call in any of its notes or coins on payment of the face value thereof and any note or coin with respect to which a notice has been given under this Sub-section, shall, on the expiration of the notice, cease to be legal tender, but, subject to section 22 of this Act, shall be redeemed by the Bank upon demand.”

ALSOREAD

BREAKING: CBN Validates Old Notes As Legal Tender

BREAKING: Old Notes: Comply With Court Order – President Buhari Orders Emefiele

JUST IN: Emefiele Has Confirmed Re-circulation Of Old Notes – Soludo

Old Notes: Buhari, Emefiele Get Ultimatum To Obey Supreme Court

BREAKING: CBN Approves Circulation Of Old Notes

Kindly Share This News On Social Media

JOIN US ON TWITTER

Follow DAILY GIST on Twitter for more BREAKING NEWS

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News
Tags: CBNGodwin EmefieleHouse Of RepsNaira Redesign
Previous Post

SDP Presidential Candidate, Prince Adebayo Fault Apex Bank Policy On Naira Redesign

Next Post

“I Can Swear With Anything” – Graduating Student Who Appreciated Pu**y For Her Success Opens Up

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 07069173969

Related Posts

BREAKING: Presidential Tribunal Grants Obi, Atiku Leave For Substituted Service
NEWS

BREAKING: Presidential Tribunal Grants Obi, Atiku Leave For Substituted Service

March 24, 2023
BREAKING: NLC Declares Nationwide Strike
NEWS

BREAKING: NLC Declares Nationwide Strike

March 22, 2023
BREAKING: Abba Kyari Loses In Court
NEWS

BREAKING: Abba Kyari Loses In Court

March 22, 2023
BREAKING: BVAS: INEC Wins Peter Obi In Court
NEWS

BREAKING: INEC Uploads Election Results Via BVAS

March 18, 2023
BREAKING: ICC Issues Arrest Warrant For Putin
NEWS

BREAKING: ICC Issues Arrest Warrant For Putin

March 17, 2023
Anti-corruption CSOs, constitutional lawyers petition Buhari, demand probe of EFCC under Bawa
NEWS

Anti-corruption CSOs, constitutional lawyers petition Buhari, demand probe of EFCC under Bawa

March 16, 2023
Next Post
“I Can Swear With Anything” – Graduating Student Who Appreciated Pu**y For Her Success Opens Up

"I Can Swear With Anything" – Graduating Student Who Appreciated Pu**y For Her Success Opens Up

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • BREAKING: NLC Declares Nationwide Strike

    BREAKING: NLC Declares Nationwide Strike

    19703 shares
    Share 7881 Tweet 4926
  • BREAKING: INEC Postpones Governorship Election In Lagos

    19707 shares
    Share 7883 Tweet 4927
  • BREAKING: Appeal Court Reinstates Adeleke As Osun Governor

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: LP Governorship Candidate, GRV Loses Polling Unit To Sanwo-Olu

    19712 shares
    Share 7885 Tweet 4928
  • BREAKING: APC Campaign DG Found Dead

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: I Won Lagos Guber Election — LP Candidate, GRV

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: INEC Declares Adamawa Governorship Election Inconclusive

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: CBN Approves Circulation Of Old Notes

    19821 shares
    Share 7928 Tweet 4955
  • Organ Trafficking: UK Court Fixes Date To Sentence Ekweremadu, Wife

    20682 shares
    Share 8273 Tweet 5171
  • BREAKING: Labour Party Wins First Governorship Election

    20490 shares
    Share 8196 Tweet 5123

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved