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Nigerian banks Friday introduced that their branches nationwide will function on the weekend to obtain and alter outdated notes for his or her prospects.
The Central Financial institution of Nigeria final December launched the newly redesigned N200, N500 and N1,000 as a part of efforts to verify inflation, counterfeiting and corruption. The financial institution additionally reiterated that the outdated observe will stop being a authorized tender by 31 January.
As a part of efforts to ease circulation of the brand new notes, the apex financial institution additionally launched a money swap programme throughout native authorities areas within the nation.
On Friday, to enrich the hassle of the apex financial institution, some industrial banks introduced that their branches nationwide will function on Saturday and Sunday.
“In step with our drive to at all times put You First, our branches nationwide can be open this Saturday, 28 January 2023 and Sunday, 29 January 2023 to obtain your outdated Naira notes from 10 am – 2 pm,” First Financial institution stated in a message to account holders.
The lender added that there can be no prices for money returned or paid into prospects accounts inside the interval.
“All outdated Naira notes of collection N200, N500 and N1000 will stop to be accepted as authorized tenders from 31 January 2023,” it added.
UBA in its message additionally stated that its branches will function and attend to prospects on the weekend.
GTBank, on its half, urged prospects to “save time! Keep away from the last-minute rush by depositing your outdated Naira notes at the moment at any of our branches.”
The lender added that: “Our branches can be open on Saturday January 28 and Sunday January 29, 2023 from 10.00am to three.00pm to obtain your money deposits solely.”
Earlier within the week, the CBN Governor, Godwin Emefiele, introduced that there isn’t a going again with regard to the 31 January deadline the financial institution stipulated for the acceptance of the outdated notes as authorized tender amongst Nigerians.
The apex financial institution additionally threatened sanction towards any financial institution caught loading its ATM with the outdated notes.
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