Bringing you the best of media

Three Steps In Depositing Old Naira Notes In Line With CBN Directives


Here are the steps to follow:

1.Go along with any means of identification card

2.Visit CBN website and fill out 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

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 9 am to 2 pm, from February 15 to 17.

The CBN Branch Controller in Bauchi, Haladu Idris Andaza revealed this step while on Tuesday morning that the old notes were no longer legal tender.

She said, “So for the avoidance of doubt, we wish to state categorically that CBN is ready and is open to receiving all of those old notes based on certain conditions and criteria. Customers are free to come to the Bank and deposit which they cannot do at the Commercial Banks anymore because the currency has been seized to be legal tender since the 10th of this month.

“Consequently, the management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the CBN in all the 36 states in the Federation including FCT to deposit their money.

“The customer has to go to the CBN portal and fill a form in the portal, there will be a form there concerning this currency redesign and exchange. After filling out the form, you generate a code, you either print it or come with it on your mobile phone, and give us the code and the information contained therein. In the form, you are expected to provide all the basic information about yourself, your account details and the amount you want to deposit.

“By the time you have done it correctly, you come to the CBN where the code will be accepted from you as well as the money, process and confirm the genuineness or otherwise of the money to avoid receiving fake notes because there are some fake notes in circulation now.”

Leave A Reply

Your email address will not be published.