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Emefiele told me personally CBN has directed banks to dispense old notes – Soludo

Governor Charles Soludo of Anambra State has revealed that the Central Bank of Nigeria (CBN) Governor Godwin Emefiele told him Sunday night that the apex bank had finally directed commercial banks to dispense old currency notes and collect the same from customers.

Soludo who is a former CBN Governor said Emefiele told him the decision was taken at the Bankers’ Committee meeting held on Sunday, 12th March, 2023.

He said tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.

“The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes,” Soludo added.

He called on residents to report any bank that refuses to accept deposits of the old notes.

“Anambra State Government will not only report such a bank to the CBN but will also immediately shut down the defaulting branch.”

Efforts to get the reaction of CBN to Soludo’s claim proved abortive as the spokesman, Isa Abdulmumin, could not be reached.

Sources at the Apex bank told our reporter that there have been several virtual meetings between Emefiele and the bank chiefs leading up to Sunday evening and there are strong indications that the news is true.

The CBN has at the time of this story has not debunked the claim of Governor Soludo.

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Written by Olusesan Oba

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