In an effort to ease the tension lingering across the nation, the Central Bank of Nigeria (CBN), has ordered commercial banks to collect the old N500 and N1,000 notes from Nigerians with immediate effect.
The apex bank on Friday, said the maximum amount the banks can collect is N500,000.
“Go to your bank but fill the form before you go. Go with your reference code you generate. With your code, banks will collect it from you. But if it is more than 500,000, you will go to the CBN and deposit it,” CBN spokesman Osita Nwanisiobi said.
More to come…