Nigeria: Banks Must Accept Old Naira Notes After 10 February Deadline – Emefiele

“The law, which says even after the old currency has lost its legal tender status, that we are mandated to collect these money, ….. And I stand with the House of Reps on this.”

The Governor of the Central Bank, Godwin Emefiele, has said commercial banks must accept the old Naira notes even after the expiration of the 10 February deadline.

Mr Emefiele announced this on Tuesday while appearing before the House of Representatives ad hoc committee looking into the implementation of the policy.

The…