The Central Bank of Nigeria, CBN, has directed commercial banks to start collecting deposits of old N500 and N1,000 notes from customers.
BizPoint recalls that in his national broadcast on Thursday morning, President Muhammadu Buhari asked Nigerians to make deposit of old N500 and N1000 notes to the CBN only.
But, Osita Nwanisobi, spokesman of the apex bank, disclosed on Friday that Nigerians could now deposit old notes of N500 and N1000.
He however stated that any amount above N500,000 could not be deposited at the commercial banks, as reported by Daily Trust newspaper.
The development comes amid the nationwide outrage over the rejection of the notes which President Buhari declared were no longer legal tender.
Nigerians had trooped to the apex bank offices to deposit their old notes.
As the bank officials struggles to control the crowd, they directed them to commercial banks but the people refused.
Details later…
