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Akinwande Soji-Ojo
The Central Bank of Nigeria (CBN) has asked commercial banks to start collecting old N500 and N1,000 notes from customers.
Osita Nwanisobi, the apex bank’s spokesperson disclosed this in a statement on Friday, stating that any amount above N500,000 could not be deposited.
The development comes amid the nationwide outrage over the rejection of the notes which President Muhammadu Buhari declared were no longer legal tender.
In his nationwide broadcast on Thursday, Buhari had asked Nigerians to take old N500 and N1000 notes to the CBN.
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…….