BREAKING: Masses Wins, Banks To Accept Old Naira Notes After February Deadline – Emefiele At House

BREAKING: Banks To Accept Old Naira Notes After February Deadline – Says #Emefiele—Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says banks will continue to accept old naira notes after the stipulated deadline.

Emefiele spoke on Tuesday when he appeared at an interactive session with the house of representatives ad hoc committee on the currency redesign and naira swap policy.

He said the CBN will also accept the old naira from banks after the February 10 deadline.

Emefiele made reference to the CBN act which mandates the apex bank to continue to accept old notes after its expiration.

However, the CBN governor did not mention a duration when the banks will stop collecting the old notes.