28th January, 2023
Adejoke Adeleye/ Abeokuta
The Central Bank of Nigeria, CBN, has intensified its campaign on the new naira notes towards the 31st, January deadline for the stoppage of the use of the old naira notes in Ogun State.
The CBN had in December 2022 introduced the redesigned #1000, #500 and #200 notes.
As part of sensitization towards ensuring all Nigerians get the old notes returned to banks, the CBN is empowering bank agents who are closer to the communities across Nigeria with the new naira notes.
Nigerians, especially, those without access to banking facilities can return the old notes in exchange for the new one without any charges from the bank agents.
Mr. Kayode Makinde Deputy Director from Supervision Department from Abuja led some staff of CBN in Abeokuta to Ogun West and some part of Ogun central Senatorial district to check mate the compliance of the agents with the directive given to them by the Apex banks.
Mr Makinde who started from Itori Ewekoro went to Integrity Venture, Foward ever Global, to Pay point and six other places in Sango/Ado-Odo Ota to check how the agents are complying with the directive to exchange old naira notes for the new ones.
While speaking with journalists during the tour, the CBN official explained that people are free to exchange their old naira notes with the new notes for amount of #1000 – #10,000, cash but any amount above that will be charged for by the Agents and it will be paid into their account because the CBN wants to ensure Nigerians imbibe the culture of e-transaction and cashless policy.
He also explained that Nigerians could still collect the old naira notes till January 31st, but they must ensure they return such notes to their various banks before the end of the day.