Banks To Work On Saturdays For Old Notes Collection — CBN

The Central Bank of Nigeria (CBN) said on Friday said bankers will return to work on Saturday to collect old naira notes from customers.

Kama Ukpai, head of CBN team for Ebonyi’s new naira banknotes, made the announcement during an awareness campaign for traders at Eke marketplace in Afikpo.

Ukpai has advised the public to deposit old naira notes in banks as the January 31 deadline for filing banknotes will not be extended.

“Banks would work on Saturdays for this purpose and there are no limits to amounts that can be deposited.

“The CBN team is in Ebonyi to ensure the implementation of the directives as we have not directed any bank to stop collecting old notes,” he said.

They have also been instructed to receive the existing banknotes beyond the threshold stipulated by the Cashless Policy without charges to customers.