Governor Chukwuma Soludo of Anambra State has said that Godwin Emefiele, the governor of Central Bank of Nigeria, CBN Governor, personally confirmed the validity of old N200, N500 and N1000 notes to him on Sunday evening.

The Anambra State Governor, also a former governor of CBN, said Emefiele confirmed that Nigerian should continue to use the old naira notes for transactions to him in a phone conversation on Sunday night after a Bankers’ Committee meeting.

He added that banks that the CBN Governor also said Bank should continue to receive the old notes.

Soludo therefore directed residents of Anambra state to use the old N200, N500, and N1,000 bills for their transactions alongside their modern designed counterparts without any reservation.

According to Soludo, the directive by Emefiele was sequel to CBN’s directive to Commercial banks to start dispensing and receiving old currency notes as deposits from customers.

According to him, tellers at the 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 of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday.

“The CBN Governor, Dr Godwin Emefiele, personally confirmed this development 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, including N200; N500; and N1,000w as well as the new notes,” he said.

Soludo said Anambra residents should 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,” he said.


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