News
Fear In Ogun As Banks Reject Old Naira Notes

Abeokuta residents have been left in fear on Monday morning, February 13, as banks started rejecting the old N200, N500 and N1000 notes.
As of the weekend, residents of Abeokuta were still transacting businesses with the old notes, despite the February 10 deadline of the Central Bank of Nigeria.
This, our correspondent learnt, was as a result of a Supreme Court interim order, banning the CBN from stopping the old notes from being legal tenders.
Though the CBN is yet to react to the court order, many have interpreted the silence of the apex bank to mean acceptance.
But as commercial banks resumed work on Monday, people who were to deposit their old notes could not do so as cashiers refused to accept them.
A customer said she could not deposit her N200,000 because her bank rejected the old notes.
With this development, many were seen making calls to their relatives and sales representatives, warning them not to accept the old notes from customers as banks no longer take in deposits with the notes.
A banker, who confided in our correspondent, said they got directives from the headquarters not to deposit the old notes.
-
Headline1 week ago
UPDATED: No Parade On October 1st, FG Govt Reveals Shocking Reasons
-
Headline1 week ago
JUST IN: FG Govt Declares Oct 1 Public Holiday, See What To Expect
-
Entertainment1 week ago
BBNaija: See Housemates Evicted Last Night
-
Headline1 week ago
BREAKING: Spain Closes Schools, Parks As Flood Fears Grip Valencia
-
Headline1 week ago
BREAKING: ARISE TV Presenter Sommie Shot Dead
-
Headline1 week ago
FIFA W’CUP: S’Africa Faces Point Deduction, £9000 Fine
-
Headline1 week ago
Spanish Super Cup Semi-final Draw Confirmed [Full fixtures]
-
Headline7 days ago
JUST IN: Abuja-Kaduna Train Service Set To Resume Work— NRC
-
Headline6 days ago
2026 W’CUP: FIFA Releases Trionda, The Official Ball For The Tournament
-
Brands and Marketing1 week ago
UPDATED: See Dollar To Naira Exchange Rate Today