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The Pacesetter Frontier Magazine

Making a Stride in Time

Old note

NBA Writes Emefiele, states CBN’s Statutory Obligation To Redeem Old Banknotes After January 31

January 28, 2023 by Editor Leave a Comment

Maikyau expressed what he described as telling concerns about the fate of Nigerians with the old currency past the deadline, saying, “The law is clear on this issue.” The Nigerian Bar Association (NBA) says the Central Bank of Nigeria (CBN) is under statutory obligation to redeem the old N200, N500, and N1,000 banknotes after the … [Read more…]

Posted in: Business/Economy, Legal Tagged: CBN, NBA, Old note

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