• 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

STEP BY STEP: How To Deposit Your Old Naira Notes At CBN

Adam PR by Adam PR
February 16, 2023
in NEWS
0
‘It Is Not True’ – President Buhari Speaks On Deadline For Old Notes
20k
SHARES
20k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook
Share This News

Central Bank of Nigeria (CBN) has created a portal for the collection of the old naira notes.

Amid confusion over the commercial banks’ refusal to take the old naira notes from Nigerians, there are some steps to follow to ensure the banks collect the notes.

Despite the Supreme Court ruling that the old notes should be accepted till February 22nd when a suit filed by state governments would be heard, President Muhammadu Buhari in a nationwide address on Thursday insisted that all existing old N1000 and N500 notes should be redeemabled at the Central Bank of Nigeria (CBN) and designated points

DAILY GIST observed that the CBN published a notification titled ‘redemption of currency’ on its website on Wednesday.

The notification provides a link to the portal to enable Nigerians redeem (deposit) their old N1,000, N500, and N200 notes by completing an online form.

“Please click here to create your profile, generate reference and print out receipt for you to proceed to nearest CBN branch to deposit your old N1000, N500 and N200 notes into your bank account,” it reads.

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

To generate a reference number, according to CBN, customers are required to provide their bank verification number, email address, phone number, bank account details, depositor information (including house address), and the total amount of the denomination to be redeemed.

Part of these conditions (which Nigerians must accept) is that “depositors can only access this window once”.

The apex bank also said “beneficiary accounts would only receive value after successful processing of cash deposited and verification of documentations submitted”.

“A depositor shall not be entitled to recover from the bank the value of any mutilated or imperfect notes. The circumstances under which such notes may be refunded ex-gratia shall be within the absolute discretion of the bank,” it added.

“Depositors can check the status of transaction on the portal here.

“Transactions would be concluded within a minimum of three working days.

“All deposits will be treated in accordance with the relevant laws.”

DAIL GIST has outlined the steps involve in this process as stated by the CBN.

BELOW ARE THE STEPS

1. Visit the CBN website and fill an online form to generate a code or go along with the money to the nearest CBN branch in your state to obtain the form and fill.

2. Go along with any means of federal government recognised identification card such the national identity card, voter card or driving licence.

3. A teller would be issued to you at the CBN branch and the old notes will be collected and deposited into your accounts. The operation starts from 9am to 2pm, from February 15 to 17.

GUIDEUNES TO DEPOSIT OLD NGN1000. NGN500 AND NGN200 NOTES AT THE CBN
• Please note that this Is a Cash Deposit Program not a Cash Swap Program. You will not be Issued new notes In exchange for old notes, instead your bank account will be credited after your account is validated by law enforcement. This process rnay take up to 4 weeks.

• if the validation of account turns out negative, the Bank will return the deposited notes • Third party deposits are not allowed. The account Information provided must be that of the depositor

• Members of the public are required to complete an online application form and generate a reference nurnber before coming to the UN. Where a custorner did not pre.fill their form, he/she will be given the opportunity to fall the forrn at the Branch.

• The Cash Deposit Window is open to the public from February 15— 17, 2023 between 9arn to 2pm daily.

REQUIREMENTS

1. Reference code generated from completed online application form fill on CBN Portal

2. An active Deposit Money Bank account e.g Access, Zenith, GT, Keystone Banks

3. Bank Verification Number (BVN).

4. A valid Federal Government Issued identity card (NIN, Driver’s License, Voters Card, International Passport).

Share This News
Tags: CBNold notes
Previous Post

BREAKING: President Buhari Extends Use N200 Of Old Notes

Next Post

APPLY: Governor Adeleke Creates Imole Corps For Youths, Dissolves O-YES

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: US Okays Anti-Tinubu Protest By Peter Obi’s Supporters
NEWS

BREAKING: US Okays Anti-Tinubu Protest By Peter Obi’s Supporters

March 30, 2023
BREAKING: DSS Confirms Plot To Stop Tinubu’s Inauguration As President
NEWS

BREAKING: DSS Confirms Plot To Stop Tinubu’s Inauguration As President

March 29, 2023
BREAKING: NLC Declares Nationwide Strike
NEWS

JUST IN: NLC Makes U-turn On Nationwide Strike

March 28, 2023
BREAKING: Former Nigeria’s Vice President Is Dead
NEWS

BREAKING: Former Nigeria’s Vice President Is Dead

March 26, 2023
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
Next Post
APPLY: Governor Adeleke Creates Imole Corps For Youths, Dissolves O-YES

APPLY: Governor Adeleke Creates Imole Corps For Youths, Dissolves O-YES

Leave a Reply Cancel reply

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

TRENDING NEWS

  • JUST IN: PDP Suspends National Chairman, Ayu

    JUST IN: PDP Suspends National Chairman, Ayu

    19702 shares
    Share 7881 Tweet 4926
  • BREAKING: Appeal Court Reinstates Adeleke As Osun Governor

    19702 shares
    Share 7881 Tweet 4926
  • Why Buhari Don’t Want To Hand Over To Tinubu – Presidency

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: PDP Replaces Ayu As National Chairman

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: Former Nigeria’s Vice President Is Dead

    20645 shares
    Share 8258 Tweet 5161
  • BREAKING: DSS Confirms Plot To Stop Tinubu’s Inauguration As President

    20631 shares
    Share 8252 Tweet 5158
  • FULL LIST: Top 10 Richest Yahoo Boys In Nigeria

    20579 shares
    Share 8232 Tweet 5145
  • BREAKING: CBN Approves Circulation Of Old Notes

    19822 shares
    Share 7929 Tweet 4956
  • FULL LIST: Top 10 Best Polytechnic To Attend In Nigeria

    20395 shares
    Share 8158 Tweet 5099
  • BREAKING: INEC Fixes Date For Inconclusive Governorship Elections

    20360 shares
    Share 8144 Tweet 5090

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