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Nairametrics
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Home Breaking News

VIDEO: CBN Office in Marina besieged by old Naira notes depositors

Chike Olisah by Chike Olisah
February 17, 2023
in Breaking News, Business News, Currencies, Politics
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The Central Bank office in Marina Lagos is currently under lockdown as hundreds of deposits besieged the apex bank to deposit the old naira notes.

Nairametrics reliably confirmed from some employees of the bank who are inside the building as early as 11 am this morning. They also confirm the crowd was still there as of 2 pm.

The number of people who besieged the bank overpowered the security details at the central bank forcing them to call in backup security.

Meanwhile, the central bank has just ordered banks to start collecting the old N500 and N1000 notes.

Optics

Nigeria’s President Buhari had declined the Supreme Court order and insisted that the old naira notes were expired. However, he approved the extension of the old N200 notes advising Nigerians that they can proceed to swap the rest of the old notes for new ones at the central bank offices between February 10 and April 10 2022.

See video below

https://nairametrics.com/wp-content/uploads/2023/02/Crowd-at-CBN-to-deposit-old-naira-notes.mp4

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Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Confusion as CBN denies it ordered banks to collect old N1,000, N500 notes

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