{"id":81384,"date":"2023-01-31T16:36:29","date_gmt":"2023-01-31T15:36:29","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps"},"modified":"2023-01-31T18:19:43","modified_gmt":"2023-01-31T17:19:43","slug":"banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps","title":{"rendered":"Banks will still accept old notes after deadline \u2013 Emefiele tells Reps"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Nigerians with old notes can still deposit them at commercial banks even after the February 10 deadline, this is according to the Central Bank Governor, Godwin Emefiele.<\/p>\n

Emefiele stated this on Tuesday while appearing before the House of Representatives ad hoc committee.<\/p>\n

It would be recalled that the lawmakers had accused Emefiele of breaching section 20 of the CBN act.<\/p>\n

According to the Speaker of the House, Femi Gbajabiamila, the CBN Act mandates commercial banks to accept old notes.<\/p>\n

\u201cAfter the expiration date, such naira notes changed will no longer be legal tender but it also says that even five months, three months, or two months after, even in June, all the old notes presented to the bank shall be redeemed by the bank,\u201d Mr Gbajabiamila had said in a speech on Thursday.<\/p>\n

While speaking at the hearing, Emefiele said he is in agreement with the parliament on section 20.<\/p>\n

\u201cSection 20 says even after the old currency has lost its legal tender status that we are mandated to collect that money. And I stand with the House of Reps on this,\u201d he said.<\/p>\n

He explained further that \u201cif you have your money that you have not been able to send to the bank. We will certainly give you the opportunity to bring them back into the CBN to redeem it. Either you pay it to your bank account or you want to do an exchange \u2014 we give you. You will not lose your money. This is the assurance I give to Nigerians,\u201d he stated.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Nigerians with old notes can still deposit them at commercial banks even after the February 10 deadline, this is according to the Central Bank Governor, Godwin Emefiele. Emefiele stated this on Tuesday while appearing before the House of Representatives ad hoc committee. It would be recalled that the lawmakers had accused Emefiele […]<\/p>\n","protected":false},"author":84,"featured_media":81383,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,1578,653,254],"class_list":["post-81384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-breaking","tag-emefiele","tag-nigeria"],"yoast_head":"\nBanks will still accept old notes after deadline \u2013 Emefiele tells Reps - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigerians with old notes can still deposit them at commercial banks even after the February 10 deadline, this is accordi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks will still accept old notes after deadline \u2013 Emefiele tells Reps\" \/>\n<meta property=\"og:description\" content=\"Nigerians with old notes can still deposit them at commercial banks even after the February 10 deadline, this is accordi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T15:36:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-31T17:19:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1675170449.22.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Banks will still accept old notes after deadline \u2013 Emefiele tells Reps\",\"datePublished\":\"2023-01-31T15:36:29+00:00\",\"dateModified\":\"2023-01-31T17:19:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps\"},\"wordCount\":274,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1675170449.22.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"breaking\",\"Emefiele\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/banks-will-still-accept-old-notes-after-deadline-emefiele-tells-reps\",\"name\":\"Banks will still accept old notes after deadline \u2013 Emefiele tells Reps - 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